XRP/USD is lagging versus its peers – Confluence Detector

Fibo Quantum

  • Ripple’s XRP price in the second half of trading on Monday is holding small gains of 0.40%.
  • XRP/USD bulls are attempting to gains some firmer ground, after being shot down earlier in the month.

Ripple’s XRP price on Monday in the second half of the session is trading in the green with very minor gains of 0.35%. XRP/USD bulls are attempting to regather some momentum, after being shot down earlier in the month.

XRP/USD has fallen back within the extremely mundane range that has been observed throughout 2019. The price, however, is being comforted somewhat by a near-term daily ascending trend line.

Looking via the daily confluence detector, firstly the barriers of resistance; $0.3271, daily 38.2% Fibonacci and 61.8% weekly Fibonacci, $0.3305 monthly pivot point resistance, daily 23.6% Fibonacci. To the downside in terms of support; $0.3169, weekly pivot point support, $0.3136, monthly 61.8% Fibonacci and daily pivot point support.

XRP/USD daily confluence detector