- XRP/USD sees very little growth ahead because of substantial levels of resistance.
- Confluence detector shows one strong line of support.
XRP/USD is currently going for $0.288 with little chance of growth. There are some significant levels of resistance ahead which is going to stunt further growth. The confluence detector shows only one significant line of support for XRP/USD, which will be a point of interest for the bears.
XRP/USD daily confluence detector
The XRP/USD daily confluence detector shows two significant lines of resistance at $0.2899 and $0.2890. The $0.2890 resistance sees a confluence of the 5-day simple moving average curve, the hourly previous low, the 4-hour previous low, and the 10-day simple moving average curve. The $0.2899 resistance has the 5-day simple moving average curve, the 15-min middle Bollinger band, and the hourly middle Bollinger band.
The confluence detector also indicates two possible lines of support at $0.2835 and $0.2820. The $0.2835 line has the daily pivot point. On the other hand, $0.2820 is a stronger level of resistance and has the previous month low.
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