Home Ripple’s XRP Price Prediction: XRP/USD back within the mundane 2019 range – Confluence Detector
Crypto News

Ripple’s XRP Price Prediction: XRP/USD back within the mundane 2019 range – Confluence Detector

FX Street
Updated:
  • Ripple’s XRP price in the second half of trading on Friday is nursing losses of some -2%.
  • XRP/USD bulls unable to sustain the upside momentum seen in the past three sessions.

Ripple’s XRP price on Friday in the second half of the session is trading in the red with losses of 2.0%. XRP/USD bulls were on a decent three day run however the momentum has been forced to slow down.

XRP/USD is back moving within the extremely mundane range that has been observed throughout 2019. The price fails to find any sort of committed trend, many of its peers are outperforming it in terms of gains for 2019.

Looking via the daily confluence detector, firstly the barriers of support; $0.3258, daily pivot  point support, $0.3224 daily 100SMA To the upside in terms of resistance; $0.3293, weekly 23.6% Fibonacci, and monthly pivot point resistance, $0.3327, daily pivot point resistance, $0.3396, daily 61.8% Fibonacci.

 

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