Ken Chigbo
Independent Analyst
- XRP/USD gains a whopping double-digits, seen up over 12% late on Wednesday.
- Big life was kicked back into the bulls during European afternoon trading in the session.
Ripple’s XRP was seen holding gains of over 12% in the latter part of the day on Wednesday. A strong wave if buyers flew back to the market. This coming after the price dipped below the big psychological $0.3000 mark this year.
XRP/USD makes big chunky double-digit advance, thanks to a flow of buyers coming in, this was seen in the afternoon London time. The price managing to smash back through $0.3000, but there are barriers ahead for stability.
Looking via the daily confluence detector, there are some areas of resistance to be aware of; $0.3252, weekly 61.8% Fibonacci, $0.3305 weekly pivot point resistance. Aside from this, then $0.3500 would be the next likely area of interest for the bulls.
XRP/USD daily confluence
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