Ripple Price Prediction: XRP/USD bulls may breach $0.40 level for the first time since Christmas 2018 - Confluence Detector
|- XRP/USD is currently trading for $0.37, its highest since January 10, 2019.
- Confluence Detector shows a lack of any significant resistance levels till the $0.40.
XRP/USD shot up from $0.31 to $0.37 over the last two days as the crypto market as a whole enjoyed a bull run. If the bulls can continue the momentum, XRP/USD may breach the $0.40 for the first time since December 25, 2018. The daily confluence detector shows a lack of any significant resistance levels until $0.40.
XRP/USD daily confluence detector
XRP/USD bulls face a moderate stack of resistances between $0.374 - $0.37. The confluences at those levels are - 15-min Bollinger band upper curve, daily pivot point resistance 1, 15-min previous high, and monthly pivot point resistance 3.
The price currently has the following strong support levels: $0.355, $0.35, $0.3475 - $0.344, and $0.332-$0.328. The confluences at those levels are:
- $0.355: Monthly 161.8% Fibonacci retracement level.
- $0.35: Monthly pivot point resistance 2, daily 23.6% Fibonacci retracement level, and 50-day simple moving average (SMA 50) curve.
- $0.3475-$0.344: 15-min Bollinger band lower curve, hourly Bollinger band middle curve, weekly pivot point resistance 3, and daily 38.2% Fibonacci retracement level.
- $0.332-$0.328: Monthly pivot point resistance 1, SMA 200, SMA 50, Previous month high, weekly 161.8% Fibonacci retracement level, and SMA 10.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.