- XRP/USD is vulnerable to further losses as long as it stays below $0.2200.
- The nearest resistance is located on the approach to $0.2230.
Ripple’s XRP has been sliding down for the fifth day in a row, At the time of writing, XRP/USD is changing hands at $0.2176, down about 2% since the beginning of the day and 3% in recent seven days.
Ripple’s XRP confluence levels
Looking technically, XRP is vulnerable to further losses as long as it stays below $0.2200. If the bulls manage to push the price above this barrier, the short-term technical picture will improve with the next focus on $0.2250. Currently, there are several important levels clustered both above and below the price. Let’s have a closer look at them.
$0.2230 - SMA100 (Simple Moving Average) 1-hour, 61.8% Fibo retracement weekly, the upper line of 1-hour Bollinger Band
$0.2300 - 23.6% Fibo retracement monthly, the highest level of the previous week, Pivot Point 1-day Resistance 3
$0.2360 - Pivot Point 1-week Resistance 1, the upper line of the daily Bollinger Band
$0.2100 - the lowest level of the previous week, Pivot Point 1-day Support 3
$0.2020 - the lowest level of the previous month
$0.1880 - Pivot Point 1-week Support 2
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.