Ripple’s XRP Price Prediction: XRP/USD back within the mundane 2019 range - Confluence Detector
- Ripple’s XRP price in the second half of trading on Friday is nursing losses of some -2%.
- XRP/USD bulls unable to sustain the upside momentum seen in the past three sessions.
Ripple’s XRP price on Friday in the second half of the session is trading in the red with losses of 2.0%. XRP/USD bulls were on a decent three day run however the momentum has been forced to slow down.
XRP/USD is back moving within the extremely mundane range that has been observed throughout 2019. The price fails to find any sort of committed trend, many of its peers are outperforming it in terms of gains for 2019.
Looking via the daily confluence detector, firstly the barriers of support; $0.3258, daily pivot point support, $0.3224 daily 100SMA To the upside in terms of resistance; $0.3293, weekly 23.6% Fibonacci, and monthly pivot point resistance, $0.3327, daily pivot point resistance, $0.3396, daily 61.8% Fibonacci.
XRP/USD daily confluence detector
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
