Home Ripple’s XRP Price Prediction: Big buyers quickly return to the rescue of $0.30 – Confluence Detector
Crypto News

Ripple’s XRP Price Prediction: Big buyers quickly return to the rescue of $0.30 – Confluence Detector

FX Street
Updated:
  • 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

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 – 2024