- XRP/USD daily confluence detector sees strong resistance at $0.31.
- The bulls need to rally together and defend the $0.303 support line to stop any bearish momentum.
The XRP/USD sees little potential for growth with substantial resistance at $0.31. The bulls will need to rally together to break past that resistance. The market has a critical and robust support line at $0.303 which needs to be defended at all cost to stop any bearish momentum.
XRP/USD daily confluence detector
According to the daily confluence detector, the XRP/USD market has strong resistance levels at $0.31, $0.321, and $0.325. The confluences at those levels are:
- $0.31: 15-min Bollinger band upper curve, 4-hour previous high, daily previous high, weekly 38.2% Fibonacci retracement level, and monthly 23.6% Fibonacci retracement level.
- $0.321: Daily pivot point and previous week high.
- $0.325: Monthly 38.2% Fibonacci retracement level and Daily Bollinger band upper curve.
The support levels are at $0.303, $0.29, and $0.26. The confluences at those levels are:
- $0.303: Daily 61.8% Fibonacci retracement level, 100-day simple moving average (SMA 100), SMA 10, 15-min Bollinger band lower curve, hourly Bollinger band middle curve, and 4-hour previous low.
- $0.29: Daily Bollinger band lower curve, weekly pivot point, and previous week low.
- $0.26: Monthly pivot point and weekly 161.8% Fibonacci retracement level.
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