Home Ripple’s XRP Price Prediction: XRP/USD bulls are eyeing critical resistance breakdown – Confluence Detector
Crypto News

Ripple’s XRP Price Prediction: XRP/USD bulls are eyeing critical resistance breakdown – Confluence Detector

FX Street
Published date:
  • Ripple’s XRP in the latter part of trading on Wednesday was seen holding modest gains of just over 1%.
  • XRP/USD price action has formed a bullish pennant pattern subject to a potential extended move north.

 

Ripple’s XRP price was seen trading modestly in positive territory, gains of some just over 1% towards the latter part of the session. XRP/USD bulls are maintaining upside momentum, with next move being calculated.

XRP/USD price action via the 4-hour chart view has formed a bullish pennant pattern, subject to an extended breakout to the upside. Should the bulls capitalize on this structure, then an attempt to breakdown chunky resistance up at $0.3400-0.3500 range could be seen.

Looking via the daily confluence detector at the next major barriers; $0.3342, 61.8% daily Fibonacci, $0.3411, 38.2% Fibonacci, and $0.3479, 61.8% monthly Fibonacci. Aside from the mentioned confluence levels, near-term resistance is eyed at the upper trend line of the pennant at $0.3350.  

 

XRP/USD daily confluence detector

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2026