Ripple Price Prediction: XRP/USD has one strong resistance and support level – Confluence detector
- XRP/USD bulls took back control after two straight bearish days.
- Daily confluence detector shows a strong resistance at $0.1980.
- Healthy support for XRP/USD lies at $0.1875.
XRP/USD daily confluence detector
XRP/USD bulls took back control following two straight bearish days, wherein it went up from $0.1948-$0.1960. The daily confluence detector shows one strong resistance and support level at $0.1980 and $0.1875, respectively.
The $0.1980-level has the one-hour Bollinger Band middle curve, one-day and one-month Fibonacci 61.8% retracement levels, 4-hour SMA 5, one-hour SMA 5, one-hour SMA 100 and one-day SMA 100.
On the downside, the $0.1875 support level sees the confluence of the one-week Pivot Point support-one and one-month Fibonacci 38.2% retracement level.
Key levels
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
