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Ripple Price Prediction: XRP/USD drops below the $0.30 level – Confluence Detector

Ripple Price Prediction: XRP/USD drops below the $0.30 level – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily confluence detector

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XRP/USD bears remained in control for the second straight day, dropping from $0.3014 to $0.2987. The daily confluence detector has one strong resistance level at $0.3215, which has the one-day Previous High and one-month Pivot Point resistance-two.

On the downside, we have two healthy support levels at $0.29 and $0.26, respectively. $0.29 has the one-day SMA 5 and one-month Pivot Point resistance-one. Finally, the $0.26-level has the Previous Month high, Previous Week high and one-day SMA 10.

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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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