• XRP/USD faces a lack of any significant resistance levels.
  • XRP/USD has strong support levels at $0.43.

Ripple had an extremely productive Monday as it went up from $0.409 to $0.435. As the markets opened this Tuesday, it went up even more to $0.438. Currently, the daily confluence detector shows a lack of any significant resistance levels until $0.458. If the bulls gather enough momentum, then we won’t be surprised in XRP/USD exceeds $0.45 today.

XRP/USD daily confluence detector

The only resistance level of note is at $0.442, which sees a confluence of 1-day pivot point resistance 2.

The support levels are at $0.43, $0.425-$0.426, and $0.424. The confluences at those levels are:

  • $0.43:  The nearest support levels gains its strength from the “previous week high.”
  • $0.425-$0.426: 1-day pivot point resistance 1, hourly previous low, and 4-hour Bollinger band upper curve.
  • $0.424: 10-day simple moving average (SMA 10) and 1-month pivot point resistance 2.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD will not hit $8,000 unless it falls to $5,000 first

Bitcoin price attempt to climb the ladder above $7,000 was met by increased selling activities in the zone between $6,800 - $6,900. This left the psychological zone at $7,000 untested, however, the area remains critical to Bitcoin price near term trend.

More Bitcoin News

NEO/USD struggles to settle above $7.00 as the upside momentum fades away

NEO, now the 2nd largest digital asset with the current market value of $492 million, is hovering around psychological $7.00. The coin has gained over 2% on a day-to-day basis, however, the upside momentum has faded away during early Asian hours.

More Ripple News

Ethereum Price Analysis: ETH/USD has to decide where from here

Ethereum, the second-largest digital asset with the current market value of $15 billion, the tested area above $142.00 before retreating to the current levels.

More Ethereum News

XRP/USD vulnerable to downside correction

Ripple (XRP) has been the best-performing altcoin out of top-20 in recent 24 hours, The coin tested $0.1800 during late Thursday hours and managed to settle above $0.1700 on Friday. Ripple's total market capitalization is registered at $7.5 billion.

More Ripple News


Bitcoin Weekly Forecast: Coronavirus will either kill Bitcoin or make it stronger

Bitcoin is about to finish the second positive week in a row. The first digital coin has recovered from $5,680 and came close to psychological $7,000 during the week.

Read the weekly forecast