Home Ripple’s XRP Price Prediction: XRP/USD bulls on another potential mission – Confluence Detector
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Ripple’s XRP Price Prediction: XRP/USD bulls on another potential mission – Confluence Detector

FX Street
Published date:
  • Ripple’s XRP price on Wednesday in the second part of the session holding decent gains of some 2.15%.
  • XRP/USD had looked vulnerable for much of the early session, however, the bulls managed to kick some life back into the price.

 

Ripple’s XRP price on Wednesday in the second half of the session is trading in the green with decent gains of 2.15%. XRP/USD  are bulls are attempting to find some stabilization, being on the back foot over the past few trading days.

XRP/USD is making another attempt at breaking down huge supply area which runs all the way into the big $0.4000 price territory.. The price failed to sustain the heights, which wasn’t too much of a surprise given how fast and much XRP/USD has jumped earlier in the month.

Looking via the daily confluence detector, firstly the barriers of resistance; $0.3398, weekly 38.2% Fibonacci, $0.3508 monthly pivot point support. To the downside in terms of support; $0.3294, monthly and daily pivot point support and $0.3259 daily 23.6% Fibonacci.

XRP/USD daily confluence detector  

 

 

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