Ripple's XRP Price Prediction: XRP/USD bulls attempting to break back above the game-changing resistance trend line

Ripple's XRP price in the second part of Thursday's session nursing minor losses of some 1%.
XRP/USD making a big attempt to break back above a breached prior acting supporting trend line.

Ken Chigbo Independent Analyst

Ripple's XRP price in the second part of the trading on Thursday is seen holding nursing minor losses of some 1%. Bulls are attempting to break back above a supporting ascending trend line, completing a breakout and retest technical move.

XRP/USD on 26th March produced a bullish reversal hammer candlestick, indicating a change in trend, after recent price cooling over the last few sessions.

Looking via the confluence detector to identify the strong supporting barriers to; $0.3063, daily 38.2% Fibonacci, $0.3031, daily 61.8% Fibonacci. To the upside; $0.3095, weekly 23.6% Fibonacci, $0.3127, daily 10SMA, monthly 61.8% Fibonacci, weekly 38.2% Fibonacci.

XRP/USD daily confluence detector

XRP/USD daily chart

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.

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