- Ripple’s XRP price in the second half of trading on Thursday remains on the back foot, minor losses of 0.20%.
- XRP/USD bears are maintaining downside pressure, with price flirting around the big buying level of $0.3000.
Ripple’s XRP price on Thursday in the second half of the session is trading in minor negative territory, with losses of some 0.20%. XRP/USD bears are keeping the pressure on, in control, with $0.3000 under large threat of being lost completely.
XRP/USD fell back within the control of the market bears on Wednesday, after swiftly losing upside momentum that had been seen earlier in the month. Buyers are attempting to heavily protect the $0.3000, a period of consolidation can be observed, with the chance of further downside remaining large at pr]esent.
Looking via the daily confluence detector, firstly the barriers of support; $0.2992, weekly pivot point support, monthly 23.6% Fibonacci. $0.2899, daily and monthly pivot point support. To the upside in terms of resistance; $0.3024, 23.6% daily Fibonacci. resistance, $0.3149 weekly pivot point support.
XRP/USD daily confluence detector