Connect with us

Hi, what are you looking for?

ELEVENEWS

Ripple

Ripple Price Prediction: Just one barrier lies before $0.45

  • XRP/USD is currently priced at $0.406.
  • One strong resistance level lies at $0.426.

XRP/USD is currently priced at $0.406 as markets opened this Wednesday. This follows an extremely bullish Tuesday where XRP/USD ballooned up from $0.324 to $0.406, charting a staggering 25.3% growth. The daily confluence detector shows that there is only one significant resistance level at $0.426 which the bulls need to overcome to reach the $0.45 level.

XRP/USD Confluence Detector

The confluence detector shows one resistance level at $0.426 which has the pivot point 1-month resistance 2.

The support levels are at $0.355-$0.36, $0.37, and $0.38-$0.384. The confluences at those levels are:

  • $0.355-$0.36: Monthly 23.6% Fibonacci retracement level and pivot point 1-day resistance 3.
  • $0.37: Hourly Bollinger band lower curve and pivot point 1-month resistance 1.
  • $0.38-$0.384: 100-day simple moving average (SMA 100), 4-hour previous low, and previous month high.

-News Source 

Advertisement

Copyright © 2020 Elevenews