Ripple price prediction: XRP/USD upside potential capped off at $0.224 - Confluence Detector
|- XRP/USD bulls failed at the $0.23-line this Monday and dropped down.
- On the downside, healthy support lies at $0.2216.
XRP/USD is on the verge of charting its second straight bearish day. This Monday, the bulls lost steam at the $0.23 line and dropped to $0.225. So far this Tuesday, the price has dropped down further to $0.223. The hourly breakdown of Monday and Tuesday shows us that the price had fallen to $0.222 before finishing Monday, around $0.225. Following that, the bears were able to take the price down to $0.223.
XRP/USD daily confluence detector
The daily confluence detector shows us that healthy resistance and support levels lie at $0.224 and $0.2216, respectively. The $0.224 level has the 10-day Simple Moving Average (SMA 10), one-day Fibonacci 23.6% retracement level and one-week Fibonacci 23.6% retracement level. The $0.2216-level has the one-hour Bollinger Band lower curve and one-day previous low.
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