- Ripple’ XRP nursing very steep losses in the latter part of trading on Friday.
- XRP/USD bears are heading for the big demand area, $0.2500-0.2000.
Ripple’s XRP is under renewed selling pressure on Friday. Bears most recently have taken out key near-term support at $0.2881. This was a pivot point support level for the session. This being cleared in the move south. A decent sized barrier which was observed on the confluence detector.
Looking to the downside, the next major area of support is seen at $0.2813, which is another pivot point support level. This also stands out as strong via the confluence detector, via the daily time frame view.
Lastly, $0.2778, would be eyed further south. This is noted as the Bollinger band daily low. Pressure may continue into the weekend. As market continue to search for a bottom area across the board. XRP/USD could be heading for $0.25-0.20 range, a known demand area.
XRP/USD daily confluence detector
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