Ripple Price Prediction: XRP/USD can fall to $0.313 if immediate support doesn’t hold up - Confluence Detector
- XRP/USD went down from $0.319 to $0.318 as markets opened this Tuesday.
- Immediate support level lies from $0.317-$0.318. If that doesn’t hold up, the price can go down to $0.313.
XRP/USD went down from $0.319 to $0.318 as markets opened this Tuesday. According to the daily confluence detector, the price is supported by a stack which runs from $0.317-$0.318. If the bears can breach past that level, then the price will drop down to $0.313 before it meets the next prominent support level.
XRP/USD Confluence Detector
The resistance levels lie at $0.32-$0.3215, $0.322, $0.325-$0.327, $0.328, and $0.331. The confluences at those levels are:
- $0.32-$0.3215: 10-day simple moving average (SMA 10), SMA 100, 4-hour Bollinger band lower curve, and daily 38.2% Fibonacci retracement level.
- $0.322: SMA 50.
- $0.325-$0.327: SMA 200, SMA 100, SMA 5, daily 61.8% Fibonacci retracement level, SMA 50, SMA 10, and 4-hour Bollinger band middle curve.
- $0.328: Previous month high.
- $0.331: Monthly pivot point resistance 1 and weekly 23.6% Fibonacci retracement level.
The support levels are at $0.317-$0.318, $0.313, and $0.30.9. The confluences at those levels lie at:
- $0.317-$0.318: Hourly previous low, SMA 10, daily 23.6% Fibonacci retracement level, 15-min Bollinger band middle curve, SMA 5, and previous low.
- $0.313: Monthly 61.8% Fibonacci retracement level.
- $0.309: No confluence detected.
Author
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.
