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- XRP on the back foot in the last part of Tuesday, down by 1.25%.
- The upward price trend is limited by a long-term downtrend line.
The Ripple XRP was seen nursing losses of 1.25% in the last stages of Tuesday's trading. The price is stuck inside a trivial commercial segment, as happened in the last five sessions, after the deep fall of January 10th.
The XRP / USD price action is limited by the rise of a downtrend line, which has been in play since 6 November. The bulls were rejected on every attempt to break on; throughout November, in December and more recently on 10 October.
Looking through the confluence detector, there are some large resistance barriers in the upward direction. First, $ 0.3472, Fibonacci at 38.2% weekly and then north at $ 0.3507, Fibonacci at 38.5% monthly, probably due to obstruction for bulls.
XRP / USD daily confluence detector
Daily XRP / USD chart
