Home Ripple’s XRP Price Prediction: XRP/USD subject to another $0.3000 retest – Confluence Detector
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Ripple’s XRP Price Prediction: XRP/USD subject to another $0.3000 retest – Confluence Detector

FX Street
Updated:
  • Ripple’s XRP nursing losses of over 2% well into the second half of the trading day on Tuesday.
  • XRP/USD remains subject to another retest of the big $0.3000 mark, given recent resistance rejection.

 

Ripple’s XRP price in the second half of the session on Tuesday is trading in negative territory, down some 2.20%. XRP/USD was unable to sustain the upside momentum seen on Monday, following the news of Coinbase Pro to support to list XRP.

XRP/USD bulls continue to struggle and further lose momentum after running into a tough barrier, this can be seen tracking from $0.3500-0.3600 range. Given the recent rejection, eyes are once again on the big psychological $0.3000 mark.

Looking via the daily confluence detector for decent barriers of support; $0.3118, daily 61.8% Fibonacci, $0.3080, monthly 23.6% Fibonacci, $0.2979, monthly pivot point support. Aside from the levels noted, a chunky demand area tracks from $0.3000-0.2500 range.

 

XRP/USD daily chart

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