Ripple Price Prediction: XRP/USD faces heavy resistance up front - Confluence Detector
- XRP/USD is currently trading at $0.293.
- Bulls face massive resistance until $0.30.
XRP/USD is trading at $0.293 as markets opened this Friday. The daily confluence detector shows us that the price has strong support levels from $0.2910-$0.2920. The price is facing massive resistance levels until $0.30.
XRP/USD Daily Confluence Detector
As per the daily confluence detector, the resistance levels are at $0.2955, $0.2983, $0.3020, and $0.3065. The confluences at those levels are:
- $0.2955: 4-hour Bollinger band lower curve and weekly pivot point support 1.
- $0.2983: Hourly previous high, 4-hour previous high, and 5-day simple moving average (SMA 5) curve.
- $0.3020: Weekly 61.8% Fibonacci retracement level, 4-hour Bollinger band middle curve, and daily pivot point resistance 1.
- $0.3065: Daily Bollinger band middle curve.
The support levels are at $0.2910-$0.2920. The confluences at those levels are - Previous week low and daily pivot point support 1.
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.
