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  • Ripple’s XRP is seen trading up with decent gains of some 5% in the latter part of the day.
  • XRP/USD finds buyers yet again at the big psychological $0.3000 price market, after bouncing back from the brutal selling seen on Sunday.

Ripple’s XRP is seen trading up with chunky gains of around 5% towards the latter stages of trading on Monday. The price managing to recover after taking a beating on Sunday, something that was observed across the market.

XRP/USD once again saw big buyers coming in to protect the psychological $0.3000 mark. It has been proven on countless occasions; buying taking place from the $0.3000-0.2500 range, historically proven to attract much interest.

Looking via the confluence detector at potential barriers of resistance; $0.3234, monthly 38.2% Fibonacci, $0.3299, weekly 38.2% Fibonacci. Lastly, a huge barrier can be observed at $0.3494, monthly 61.8% Fibonacci and weekly pivot point resistance.  

XRP/USD daily confluence detector