Home Ripple’s XRP Price Prediction: XRP/USD is lagging versus its peers – Confluence Detector
Crypto News

Ripple’s XRP Price Prediction: XRP/USD is lagging versus its peers – Confluence Detector

FX Street
Updated:
  • Ripple’s XRP price in the second half of trading on Monday is holding small gains of 0.40%.
  • XRP/USD bulls are attempting to gains some firmer ground, after being shot down earlier in the month.

Ripple’s XRP price on Monday in the second half of the session is trading in the green with very minor gains of 0.35%. XRP/USD bulls are attempting to regather some momentum, after being shot down earlier in the month.

XRP/USD has fallen back within the extremely mundane range that has been observed throughout 2019. The price, however, is being comforted somewhat by a near-term daily ascending trend line.

Looking via the daily confluence detector, firstly the barriers of resistance; $0.3271, daily 38.2% Fibonacci and 61.8% weekly Fibonacci, $0.3305 monthly pivot point resistance, daily 23.6% Fibonacci. To the downside in terms of support; $0.3169, weekly pivot point support, $0.3136, monthly 61.8% Fibonacci and daily pivot point support.

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