The price of XRP/USD is closing in towards major hurdle. There is a likelihood of the price to surge if it breaks $0.2000.

Following the formation of a support base close to $0.1850, the price began another increase. Further, the prices of BTC and ETH Moreover surged in recent times towards the hurdles at $7,500 and $138, respectively.

The price of Ripple was able to surge over the hurdle at $0.1940 and the 100 hourly SMA. It eventually obtained momentum towards the key hurdle zone at $0.2000.

Nevertheless, the buyers could not obtain momentum over $0.2000, thereby leading to the formation of a high close to $0.1982. The price is currently moving towards the support zone at $0.1940.

A look at the hourly chart of Ripple against the USD revealed the formation of a major rising channel with support close to $0.1945. If the price breaks below the channel support and $0.1940, it may reverse its recent gains.

The immediate major support is close to $0.1910 and the 100 hourly SMA. Any additional declines could take the price towards the support zone at $0.1850.

Contrariwise, it could try to surge over the hurdles at $0.1980 and $0.2000. If it closes over the hurdle zone at $0.2000, a surge towards the hurdles at $0.2120 and $0.2150 may soon happen.

Source>>https://www.cryptoknowmics.com/news/the-price-of-xrp-is-close-to-major-breakout-hurdle