Home Ripple’s XRP Price Prediction: XRP/USD continues to be the under-performer – Confluence Detector
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Ripple’s XRP Price Prediction: XRP/USD continues to be the under-performer – Confluence Detector

FX Street
Updated:
  • Ripple’s XRP price on Tuesday is trading marginally in the red by some 0.5% within the second half of the session.
  • XRP/USD price continues to track very closely to critical support, seen at the lower part of an ascending channel/flag structure.

Ripple’s XRP price in the second half of trading on Tuesday is trading with minor losses of 0.50%. XRP/USD continues to struggle  to find a committed trend, after being sucked back into the narrow 2019 average range.

XRP/USD continues to move within a rising channel/wedge structure, which can most certainly be viewed as a bearish flag. The price continues to track very closely to the lower supporting acting trend line.

Looking via the daily confluence detector, firstly the barriers of resistance; $0.3119, weekly 23.6% Fibonacci, daily pivot point resistance, $0.3183,  daily point resistance. To the downside in terms of support; $0.3055, daily 38.2% Fibonacci, $0.3023, weekly 61.8% Fibonacci.  

XRP/USD daily confluence detector

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