XRP/USD faces little growth with strong resistance at $0.31 - Confluence Detector
|- XRP/USD daily confluence detector shows four strong levels of resistance.
- The strongest resistance lies at $0.31.
XRP/USD daily confluence detector shows four strong levels of resistance with the strongest one lying at $0.31. The detector also shows two recognizable levels of support.
XRP/USD daily confluence detector
Daily confluence detector shows resistance at $0.31, $0.32, $0.3250, and $0.33. The confluence in those areas are as follows:
- $0.31: 15 min Bollinger band lower level, previous week low, monthly Fibonacci 23.6% retracement level, previous low 15 min, SMA 50
- $0.32: Monthly Fibonacci 38.2% retracement level and weekly Fibonacci 38.2% retracement level
- $0.3250: Monthly Fibonacci 38.2% retracement level and the Fibonacci 61.8% retracement level weekly
- $0.33: weekly pivot point.
Support lies at $30.50 and $.285. The confluences are as follows:
- $0.3050: 4-hour previous low, hourly middle Bollinger band, SMA 5, SMA 50, 4-hour Bollinger band.
- $0.285: 4-hour Bollinger band low curve.
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