XRP/USD market has little chance of growth ahead with huge chunks of resistance - Confluence Detector
|- XRP/USD is currently sitting at $0.290 with little scope of growth ahead.
- The market only has one prominent level of support at $0.285.
XRP/USD is currently valued at $0.290, and the daily confluence detector shows big blocks of resistances up ahead, which severely limits its growth. Worryingly enough, XRP/USD has only one prominent level of support at $0.285. If the bulls don’t rally together soon, the bears may take the entire market down.
XRP/USD daily confluence detector
According to the daily confluence detector, XRP/USD has resistance levels at:
- $0.294: Daily 38.2% Fibonacci retracement level, 15-min Bollinger band upper curve, 4-hour previous high, and hourly Bollinger band upper curve.
- $0.297: Daily 61.8% Fibonacci retracement level, 100-day simple moving average (SMA 100) curve, and weekly 23.6% Fibonacci retracement level.
- $0.305: SMA 10, 4-hour Bollinger band upper curve, SMA 200, SMA 50, and weekly 38.2% Fibonacci retracement level.
- $0.310: Daily 161.8% Fibonacci retracement level, monthly 23.6% Fibonacci retracement level, and daily pivot point.
The support levels for XRP/USD are at:
- $0.289: 4-hour Bollinger band lower curve and daily Bollinger band lower curve.
- $0.285: Previous month low, Previous week low, and the daily pivot point.
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