Home Ripple’s XRP Price Prediction: XRP/USD $0.4000 fading away for now – Confluence Detector
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Ripple’s XRP Price Prediction: XRP/USD $0.4000 fading away for now – Confluence Detector

FX Street
Published date:
  • Ripple’s XRP price on Tuesday in the second part of the session is trading down with minor gains of some 1.5%.
  • XRP/USD price action is narrowing greatly within a range-block formation, nearing a potential breakout.

 

Ripple’s XRP price on Tuesday in the second half of the session is trading in negative territory, minor losses of some 1.5%. XRP/USD  bulls like the rest of the market is trading in negative territory, a cooling period after a strong recent surge north.

XRP/USD is having some difficulty breaking down heavy supply heading into the $0.4000 price area. Resistance can be seen running from $0.3500 all the way up to 40 cents. Should the bulls break this area down, it should attract a decent pack of buyers.

Looking via the daily confluence detector, firstly the barriers of support; $0.3510, pivot point support, $0.3473, daily pivot point support, To the upside in terms of resistance; $0.3583, 38.2% daily Fibonacci. $0.3620, 61.8% daily and 23.6% weekly Fibonacci

XRP/USD daily confluence detector  

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