Home Ripple Ripple Price Prediction: XRP/USD bulls may breach $0.40 level for the first time since Christmas 2018 – Confluence Detector – FXStreet

Ripple Price Prediction: XRP/USD bulls may breach $0.40 level for the first time since Christmas 2018 – Confluence Detector – FXStreet

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  • XRP/USD is currently trading for $0.37, its highest since January 10, 2019.
  • Confluence Detector shows a lack of any significant resistance levels till the $0.40.

XRP/USD shot up from $0.31 to $0.37 over the last two days as the crypto market as a whole enjoyed a bull run. If the bulls can continue the momentum, XRP/USD may breach the $0.40 for the first time since December 25, 2018. The daily confluence detector shows a lack of any significant resistance levels until $0.40.

XRP/USD daily confluence detector

XRP/USD bulls face a moderate stack of resistances between $0.374 – $0.37. The confluences at those levels are – 15-min Bollinger band upper curve, daily pivot point resistance 1, 15-min previous high, and monthly pivot point resistance 3.

The price currently has the following strong support levels: $0.355, $0.35, $0.3475 – $0.344, and $0.332-$0.328. The confluences at those levels are:

  • $0.355: Monthly 161.8% Fibonacci retracement level.
  • $0.35: Monthly pivot point resistance 2, daily 23.6% Fibonacci retracement level, and 50-day simple moving average (SMA 50) curve.
  • $0.3475-$0.344: 15-min Bollinger band lower curve, hourly Bollinger band middle curve, weekly pivot point resistance 3, and daily 38.2% Fibonacci retracement level.
  • $0.332-$0.328: Monthly pivot point resistance 1, SMA 200, SMA 50, Previous month high, weekly 161.8% Fibonacci retracement level, and SMA 10.
     

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