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.
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.
