Home Ripple’s XRP Price Prediction: XRP/USD bulls are just one potential barrier away from $0.50 return – confluence detector
Crypto News

Ripple’s XRP Price Prediction: XRP/USD bulls are just one potential barrier away from $0.50 return – confluence detector

FX Street
Updated:
  • Ripple’s XRP on Monday in the latter part of the session is holding some gains of 2%.
  • XRP/USD is running at its fifth consecutive session of gains, up 20% within the period.

Ripple’s XRP  price in the second part of the session on Monday is holding gains of over 2%. Another strong wave of buying pressure came into play across the market, seeing XRP/USD print a session high up at $0.4460.

XRP/USD bulls have further extended to the upside out from a bullish pennant pattern structure. The price has gained over 20% within the past five trading sessions, as the recovery continues.

Looking via the daily confluence detector for major barriers of resistance and support. Firstly, to the upside; $0.4245, daily pivot point resistance, $0.4421, daily pivot point resistance. To the downside, $0.4113, daily 23.6% Fibonacci, $0.4025, daily 38.2% 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