Home Ripple’s XRP Price Prediction: XRP/USD bulls have many barrier to clear before safety from bears – Confluence Detector
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Ripple’s XRP Price Prediction: XRP/USD bulls have many barrier to clear before safety from bears – Confluence Detector

FX Street
Published date:
  • Ripple’ XRP is holding chunky gains of over 5% late in the session on Monday.
  • XRP/USD bulls must break down the barrier throughout the $0.3000 price region. Supply runs from $0.3200-0.3800 ahead of a $0.4000 return.

 

Ripple’s XRP is encountered much buying pressure on Monday. The bulls have made a firm move and clearance away from the big psychological $0.3000 price mark. In the latter stages of the day, XRP/USD was holding gains of over 5%.

XRP/USD is running with strong upside momentum; however the bulls must maintain, otherwise, the bears will look at coming in to sell the rallies. Upside runs have been very much unsustainable throughout 2019 so far.

In terms of the key levels to note via the daily confluence detector, to the upside; $0.3265, daily pivot point resistance, $0.3299, daily pivot point resistance. To the downside; $0.3231, daily and monthly 61.8% Fibonacci, $0.3162, daily 100SMA.

 

XRP/USD daily confluence detector  

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