Ken Chigbo
Independent Analyst
- Ripple’s XRP price on Monday is trading with minor gains of some 1.50%, after an initial slow start to the session.
- XRP/USD has fallen back within the mundane range for the year, tracking from $0.3400 down to $0.3200.
Ripple’s XRP price in the second half of trading on Monday is trading in positive territory, holding gains of around 1.50%. The price, however, continues to question the big psychological $0.3000 area, which has proven to be a bottom.
XRP/USD is trading well back within the narrow range that has just become the norm for 2019. It runs from around $0.3400 being the top, the bottom around $0.3000, with buyers firmly protecting a free-fall below.
Looking via the daily confluence detector, firstly the barriers of support; $0.3136, daily pivot point support. $0.3105, weekly 38.2% Fibonacci. $0.3043, daily 61.8% Fibonacci. To the upside in terms of resistance; $0.3227, daily 50SMA and daily pivot point resistance, $0.3292, weekly and daily pivot point resistance.
XRP/USD daily confluence detector
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