RIpple's XRP Price Prediction: XRP/USD bulls eyeing $0.3400-0.3500 breakdown - Confluence Detector
|- Ripple’s XRP was seen holding decent gains of around 1.5% in the latter part of Friday.
- XRP/USD still remains within the confinements of a pennant pattern or triangular structure.
Ripple’s XRP price in the latter part of Friday was seen trading up with gains of 1.5%, It has been somewhat of another muted sessions for XRP, as the price is still yet to find strong upside momentum.
XRP/USD continues to move within the confinements of a bearish pennant pattern structure, which has been the case since 26th February. The price is still very much reliant on the lower tracking ascending trend line as support of this structure.
In terms of the noteworthy key support and resistance barriers, looking via the confluence detector, starting off with the resistance; $0.3205 daily and weekly pivot point resistance, 38.2% monthly Fibonacci, $0.3271 daily 100SMA and monthly 38.2% Fibonacci. To the downside; a huge barrier at $0.3138 daily and $0.3006 a weekly pivot point support.
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