XRP/USD bears take control as price fails at $0.20 level – Confluence Detector

  • XRP/USD shows a lack of strong resistance levels on the upside.
  • On the downside, we have two healthy support levels at $0.199 and $0.1875.

XRP/USD daily confluence detector

XRP/USD fell from $0.1997 to $0.1992 in the early hours of Wednesday as the bulls failed to cross the $0.20-level. The daily confluence detector shows a lack of strong resistance levels on the upside. On the downside, there are two healthy support levels at $0.199 and $0.1875.

The $0.199-level has the 4-hour Previous Low, one-day Fibonacci 38.2% retracement level,  15-min Bollinger Band middle curve, 4-hour Bollinger Band middle curve, one-day SMA 5, one-day SMA 10, one-hour SMA 50, 15-min SMA 100, one-hour SMA 100 and 15-min SMA 200. The $0.1875-level has the one-week Pivot Point support-one and one-month Fibonacci 38.2% retracement level.

Key levels