XRP/USD currently sandwiched between heavy lines of support and resistance – Confluence Detector

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  • XRP/USD is currently priced at $0.325 which is up from this Thursday’s $0.322.
  • Daily confluence detector shows that strong lines of resistance and support sandwich the price.

XRP/USD is currently priced at $0.325 which is up from this Thursday’s $0.322. The daily confluence detector shows that the price is sandwiched by strong lines of support and resistance, which indicates that XRP/USD may be trending sideways in the short term. 

XRP/USD daily confluence detector

Strong resistance levels lie at $0.3255 and $0.33. Confluences on those levels are:

  • $0.3255: 4-hour previous high and daily 38.2% Fibonacci retracement level.
  • $0.33: Daily 61.8% Fibonacci retracement level.

Strong support levels lie at $0.3245 and $0.321. Confluences on those levels are:

  • $0.3245: Weekly 161.8% Fibonacci retracement level, 15-min Bollinger band middle curve, SMA5, monthly 38.2% Fibonacci retracement level, 15-min previous low, hourly previous high.
  • $0.321: 5-day simple moving average (SMA 5), SMA 50, SMA 10, daily 23.6% Fibonacci retracement level, and SMA 100.
     
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