Ripple Price Prediction: XRP/USD upward growth hampered by strong resistance
|- XRP/USD started traded for $0.325 as markets opened this Saturday.
- Further upward movement hampered by resistance at $0.328.
The bears have had a stranglehold over the XRP/USD market for the last two days, which brought the price down from $0.354 to $0.326. It is currently trading for $0.325 as markets opened this Saturday. Massive resistance levels severely hamper further upward movement. The bears, on the other hand, will be checked by support levels from $0.3217-$0.3227.
XRP/USD Daily Confluence Detector
According to the daily Ripple confluence detector, support levels lie at $0.3217-$0.3227. The confluences at those levels are 100-day simple moving average (SMA 100) curve, SMA 50 curve, and weekly pivot point support 1.
The resistance levels lie at $0.328, $0.33-$0.331, and $0.3375. The confluences at those levels are:
- $0.328: Previous month high.
- $0.33-$0.331: Daily 23.6% Fibonacci retracement level, monthly pivot point resistance 1, 4-hour previous high, and hourly Bollinger band upper curve.
- $0.3375: Weekly 61.8% Fibonacci retracement level.
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