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  • XRP/USD bulls came close to the critical resistance zone but failed to get through.
  • Important support is created at a $0.2340 level below the current price.

Ripple (XRP) has been moving within a tight range recently. Despite the recovery on the cryptocurrency markets, the price movements of the third-largest digital asset are limited by $0.2300 on the downside and $0.2400 on the upside. XRP/USD stopped within a whisker of the critical resistance during early Asian hours and reversed to the downside.

XRP confluence levels

There are a lot of strong technical barriers clustered both above and below the current price, however, the way to the North looks more likely at this stage. 

Resistance levels

$0.2400 – 23.6% Fibo retracement weekly, the highest level of the previous day, the upper line of 1-hour Bollinger Band

$0.2480 – Pivot Point 1-day Resistance 3, 38.2% Fibo retracement weekly

$0.2540 – 23.6% Fibo retracement monthly

Support levels

$0.2340 – SMA50 and SMA100 1-hour, the middle lines of 1-hour and 4-hour Bollinger Bands, DMA100, 61.8% Fibo retracement daily

$0.2300 – Pivot Point 1-day Support 1, the lower line of 1-hour Bollinger Band

$0.2250 – The lowest level of the previous month and week.

XRP/USD 1-day

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