- Ripple’s XRP price on Monday in the second part of the session holding very modest gains of some 1.30%.
- XRP/USD had looked vulnerable for much of the early session, however, the bulls managed to kick some consolation upside into the price.
Ripple’s XRP price on Monday in the second half of the session is trading in the green with modest gains of 1.30%. XRP/USD are bulls are attempting to find some stabilization, being on the back foot over the past few trading days.
XRP/USD has been under pressure since the high area up at $0.3850 which was printed at the start of the month. The price failed to sustain the heights, which wasn’t too much of a surprise given how fast and much XRP/USD has jumped.
Looking via the daily confluence detector, firstly the barriers of resistance; $0.3224, daily 38.2% Fibonacci, $0.3258 daily 61.8% Fibonacci. To the downside in terms of support; $0.3190, daily 23.6% Fibonacci and last week low, $0.3123, monthly 61.8% Fibonacci and daily pivot point support.
XRP/USD daily confluence detector
Share
