- Ripple’s XRP price on Wednesday holding decent gains of some 4.0% late in the session, as the bulls extend further north after the decent rally on Tuesday.
- XRP/USD next major target area for the bulls to breakdown will be $0.4000 territory.
Ripple’s XRP price on Wednesday in the latter stages of the session up with gains of some 4%. XRP/USD bulls managed to maintain the strong upside momentum that kicked into gear on Tuesday.
XRP/USD bulls were able to breakdown a huge barrier that had plagued upside for much of this year, which was seen from $0.3500-0.3600 price range. It had not been above this since 10th January.
Looking via the daily confluence detector, firstly the barriers of resistance; $0.3703, monthly pivot point resistance, $.0.3741, daily pivot point resistance. To the downside; $0.3550, monthly 161.8% Fibonacci, support, $0.3512 daily 23.6% Fibonacci, $0.3473 monthly pivot point support.
XRP/USD daily confluence detector