Home Ripple Ripple’s XRP Technical Analysis: XRP/USD make promising breakout of a bearish pattern – FXStreet

Ripple’s XRP Technical Analysis: XRP/USD make promising breakout of a bearish pattern – FXStreet

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  • Ripple’s XRP price is trading in the red by some 1.90% in the session on Monday.
  • XRP/USD price has demonstrated some signs of stabilization, as it runs with four consecutive sessions of gains. 
  • There is a big barrier in the way of further upside seen at the psychological $0.2000 mark. 

XRP/USD daily chart

Price action via the daily chart view is moving within a bearish pennant pattern, subject to a breakout south.

XRP/USD 60-minute chart

The price formed a near-term double top pattern, which has seen a break of the neckline and another wave of selling pressure. 


 

Spot rate:                 0.1875 

Relative change:      -1.90%

High:                         0.1978

Low:                          0.1928

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