Ripple price prediction XRP/USD vulnerable to losses below $0.22 – Confluence Detector


  • XRP/USD may lose ground once $0.2200 gives way.
  • The nearest resistance is located on the approach to $0.2250.

Ripple’s XRP is hovering around $0.22 handle during early European hours, locked in a tight range.  The third-largest digital coin has lost 1.2% on a day-to-day basis and stayed unchanged since the beginning of Tuesday.

Read also: BitFlyer has added trading support for XRP

Ripple’s XRP confluence levels 

Looking technically, XRP is vulnerable to further losses if the bears manage to engineer a sustainable sell-off below $0.2200 handle. This development will worsen the short-term picture for the coin and attract new speculative sellers to thee market. Currently, there are several important levels clustered both above and below the price. Let’s have a closer look at them

Resistance levels

$0.2230 - the middle line of 4-hour Bollinger Band, SMA50 (Simple Moving Average) and SMA200 1-hour, SMA50 4-hour, 61.8% Fibo retracement daily and weekly, 38.2% Fibo retracement daily
$0.2300 - 23.6% Fibo retracement monthly, the upper line of 4-hour Bollinger Band
$0.2360 - the highest level of the previous week

Support levels

$0.2150 - Pivot Point 1-day Support 1, the lower line of 4-hour Bollinger Band
$0.2100 - 23.6% Fibo retracement  weekly,  Pivot Point 1-week Support 1
$0.2020 - the lowest level of the previous month and the lowest level of the previous week.

fxsoriginal

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