Ripple Price Prediction: XRP/USD has one strong resistance and support level – Confluence detector

XRP/USD bulls took back control after two straight bearish days.
Daily confluence detector shows a strong resistance at $0.1980.
Healthy support for XRP/USD lies at $0.1875.

Rajarshi Mitra Independent Analyst

XRP/USD daily confluence detector

XRP/USD bulls took back control following two straight bearish days, wherein it went up from $0.1948-$0.1960. The daily confluence detector shows one strong resistance and support level at $0.1980 and $0.1875, respectively.

The $0.1980-level has the one-hour Bollinger Band middle curve, one-day and one-month Fibonacci 61.8% retracement levels, 4-hour SMA 5, one-hour SMA 5, one-hour SMA 100 and one-day SMA 100.

On the downside, the $0.1875 support level sees the confluence of the one-week Pivot Point support-one and one-month Fibonacci 38.2% retracement level.

Key levels

XRP/USD

Overview
Today last price	0.1955
Today Daily Change	0.0007
Today Daily Change %	0.36
Today daily open	0.1948

Trends
Daily SMA20	0.1923
Daily SMA50	0.1922
Daily SMA100	0.1965
Daily SMA200	0.2091

Levels
Previous Daily High	0.2004
Previous Daily Low	0.192
Previous Weekly High	0.2067
Previous Weekly Low	0.1885
Previous Monthly High	0.2147
Previous Monthly Low	0.1692
Daily Fibonacci 38.2%	0.1952
Daily Fibonacci 61.8%	0.1972
Daily Pivot Point S1	0.1911
Daily Pivot Point S2	0.1873
Daily Pivot Point S3	0.1826
Daily Pivot Point R1	0.1995
Daily Pivot Point R2	0.2042
Daily Pivot Point R3	0.2079

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.

Crypto Today: Bitcoin, Ethereum, XRP extend decline, pressured by increasing ETF outflows

Cryptocurrencies are trading under pressure on Thursday, weighed down by risk-off sentiment driven by Middle East tensions and macroeconomic uncertainty. Bitcoin has extended its decline below $65,000 and is targeting the key support area at $60,000.

Bitcoin’s massive storm is back: Why the sell-off is far from over

Bitcoin price action over the last few weeks has felt less like a normal, healthy correction and more like a slow grinding crash that continues to wreak havoc on holdings and trading accounts. And everything suggests that the dramatic crash isn’t over.

Hyperliquid and Near Protocol fall sharply as Arthur Hayes dumps HYPE and NEAR for Worldcoin

Hyperliquid (HYPE) and Near Protocol (NEAR) prices have dropped 11% and 17%, respectively, at press time on Thursday, erasing gains as the well-known investor Arthur Hayes dumps HYPE and NEAR holdings.

Pi Network hits record low as market-wide risk-off sentiment weighs

PI price hovers around $0.1300 at press time on Thursday, reflecting a mild rebound from the $0.1186 record low reached earlier on the day. Deposits totaling roughly 1 million PI tokens on exchanges over the last 24 hours suggest waning investor confidence amid a broader market risk-off sentiment.

Billions in ETF outflows don’t bode well

Bitcoin (BTC) remains under pressure, trading below $74,000 on Friday, and is set to post its third consecutive week of losses. The institutional sell-off continues, with spot BTC Exchange-Traded funds (ETFs) recording billions in outflows. In addition, sticky inflation and macroeconomic headwinds suppress the Crypto King’s upside potential. Institutional demand continues to weaken so far this week.

XRP/USD daily confluence detector

Key levels

XRP/USD

Legal Text

Editor's Picks