- XRP/USD bulls struggle at the channel zone.
- An important support is created by $0,2300 level.
Ripple (XRP) is sitting in a tight range after a volatile week. The downside movements are limited by $0,2300, while the upside is capped by $0,2400. Despite this sidelined movements, the third-largest digital coin may be poised for further increase.
XRP confluence levels
There are a lot of strong technical barriers clustered both above and below the current price, which means, XRP/USD may stay in the range for a longer time period.
$0,2400 – 23.6% Fibo retracement weekly, SMA200 1-hour, the highest level of the previous 4-hours
$0,2450 – Pivot Point 1-day Resistance 2, SMA10 daily
$0,2500 – Pivot Point 1-day Resistance 3
$0,2300 – Pivot Point 1-day Support 1, the lowest level of the previous day
$0,2250 – Pivot Point 1-day Support 2, the lowest level of the previous week and month
$0.2135 – Pivot Point 1-week Support 1