Ripple price prediction: XRP/USD drifts towards $0.2900 – Confluence Detector

  • XRP/USD bulls failув to engineer a strong recovery above $0.30.
  • The coin may extend the downside correction towards $0.2900.

Ripple’s XRP has been drifting down towards the support area at $0.2900 after another failed attempt to settle above $0.3000. XRP/USD hit the intraday high at $0.3149 only to retreat to $0.2970 by press time. Thee third digital coin with the current market value of $12.8 is down 2% on a day-to-day basis.

Ripple’s XRP confluence levels 

Looking technically, $0.29 retains the stars of the key support level for XRP/USD. As long as it stays intact, the coin will continue moving in a recent range, waiting for new catalysts.  Currently, several strong technical barriers cluster both above and below the price. Let's have a closer look at them.

Resistance levels

$0.2980 - SMA100 (Simple Moving Average) 1-hour, SMA10 daily, 23.6% Fibo retracement monthly
$0.3010  - SMA50 1-hour, SMA10 4-hour, 61.8% Fibo retracement weekly
$0.3100 - 38.2% Fibo retracement daily, Pivot Point 1-week Resistance 1, the upper line of 4-hour Bollinger Band

Support levels

$0.2900-$0.2880- psychological level, the lower line of 4-hour Bollinger Band, SMA200 4-hour, 38.2% Fibo retracement monthly, 161.8% Fibo prediction daily
$0.2800 - SMA100 daily, the lower line of the daily Bollinger Band
$0.2700 - 61.8% Fibo retracement monthly.

fxstreet original

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

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin, Ripple and Ethereum begin consolidating

After finishing the month of July in incredible style, cryptocurrencies across the market have taken step back led by Bitcoin, Ethereum and Ripple. Bitcoin, for instance, is settling for consolidation between the support at $11,500 and $12,000.

More Bitcoin News

XRP/USD daily bull flag awaiting confirmation to breakout above $0.346

XRP/USD is trading at $0.309 while daily EMAs remain far away from the price. The daily bull flag is the most important pattern for XRP in the short-term. XRP continues fighting to remain above $0.30 ...

More Ripple News

Grayscale wants to register its Ethereum-based trust with SEC

Grayscale Investments submitted an application with the US Securities and Exchange Commission to register its Ethereum-based Trust. The company emphasized that the filing is voluntary, however, the registration will entail additional compliance requirements.

More Ethereum News

How long can TRX/USD sustain this 6-months ascending channel?

Tron price action has continued to take down key barriers from the massive losses in March. Even though the recovery has been as rapid as witnessed in other altcoins, TRX/USD price action speaks slow and steady out loud.

More Tron News


Bitcoin Weekly Forecast: Fasten your seatbelts, next stop is $12,000

Bitcoin has had its best week since mid-2019. The first digital currency gained over 18% in a single week and hit the new highest level of 2020. At the time of writing, BTC/USD is changing hands at $11,358 and the upside momentum is gaining traction as Bitcoin bulls are pushing at the upper line of the weekly Bollinger Band. 

Read the weekly forecast