Home Ripple’s XRP Price Prediction: XRP/USD ran into resistance yet again heading back into $0.4000 – Confluence Detector
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Ripple’s XRP Price Prediction: XRP/USD ran into resistance yet again heading back into $0.4000 – Confluence Detector

FX Street
Published date:
  • Ripple’s XRP holding decent gains late on Friday, trading up over 11%.
  • Bulls once again have failed to breakdown the $0.4000, as sellers continue to sit in this region.

 

Ripple’s XRP in the latter stages of Friday’s session was seen holding double-digit gains of over 11%. The crypto market wide enjoyed a whopping jump into the second half of the day, without there being a clear catalyst, almost coming at quite some surprise.

XRP/USD bulls were able to push the price back towards $0.4000 territory, however failing to once again break down this area. Sellers have proven to be camped here and defeat the bulls on another occasion.

In terms of the daily confluence detector, there are big barriers to the upside of note; $0.3869 – daily 50SMA, 0.4147 – daily 161.8% Fibonacci and finally a chunky barrier at $0.4186 – monthly 38.2% Fibonacci.

XRP/USD daily confluence detector

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