fxs_header_sponsor_anchor

Ripple's XRP Price Prediction: XRP/USD bulls attempting to break back above the game-changing resistance trend line

  • Ripple's XRP price in the second part of Thursday's session nursing minor losses of some 1%. 
  • XRP/USD making a big attempt to break back above a breached prior acting supporting trend line. 

 

Ripple's XRP price in the second part of the trading on Thursday is seen holding nursing minor losses of some 1%. Bulls are attempting to break back above a supporting ascending trend line, completing a breakout and retest technical move. 

XRP/USD on 26th March produced a bullish reversal hammer candlestick, indicating a change in trend, after recent price cooling over the last few sessions. 

Looking via the confluence detector to identify the strong supporting barriers to; $0.3063, daily 38.2% Fibonacci, $0.3031, daily 61.8% Fibonacci. To the upside; $0.3095, weekly 23.6% Fibonacci, $0.3127, daily 10SMA, monthly 61.8% Fibonacci, weekly 38.2% Fibonacci. 

XRP/USD daily confluence detector 

XRP/USD daily chart

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.