- Bulls dominated the XRP/USD market this Wednesday, as the price went up from $0.3175 to $0.319.
- XRP/USD daily confluence detector shows that there are weak resistance levels ahead which can be breached by the bulls.
XRP/USD price went up from $0.3175 to $0.319 this Wednesday as bulls continued their hold on the market. Further growth is expected as the XRP/USD daily confluence detector shows weak resistance levels up front. The price also has strong support levels to prevent any downward movement.
XRP/USD daily confluence detector
According to the XRP/USD daily confluence detector, the resistance levels lie at $0.322, $0.326-$0.0.3276, and $0.329. The confluences at those levels are:
- $0.322: Weekly 61.8% Fibonacci retracement level.
- $0.326-$0.0.3276: Monthly 38.2% Fibonacci retracement level.
- $0.329: Hourly Bollinger band upper curve and 4-hour Bollinger band upper curve.
Support levels lie at $0.3177-$0.3167, $0.315, $0.314, and $0.312. The confluences at those levels are:
- $0.3167-$0.3177: Hourly Bollinger band middle curve, weekly 38.2% Fibonacci retracement level, daily 23.6% Fibonacci retracement level, 4-hour previous low, 15-min Bollinger band lower band, daily Bollinger band middle curve, and 5-day simple moving average (SMA5)
- $0.315: SMA 10, SMA 200, and SMA 50.
- $0.314: SMA 5 and daily 38.2% Fibonacci retracement level.
- $0.312: Monthly 61.8% Fibonacci retracement level and 4-hour Bollinger band middle curve.
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