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Ripple Price Forecast: XRP/USD bears in control, are we headed back below $0.2? – Confluence Detector

  • XRP/USD has had a bearish start to the day.
  • The daily confluence detector shows a lack of strong resistance levels.
Ripple Price Forecast: XRP/USD bears in control, are we headed back below $0.2? – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily confluence detector

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XRP/USD dropped from $0.2087 to $0.2069 in the early hours of Friday. The bears can cause massive damage if they continue their momentum. The most prominent support level is all the way down at $0.1875, which has the one-week Pivot Point support-one and one-month Fibonacci 38.2% retracement level.

On the upside, the daily confluence detector shows a complete lack of strong resistance levels. If the bulls somehow manage to take back control, we should be able to see some impressive gains for XRP/USD.
 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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