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- Ripple's XRP is trading around 1% in the last part of Friday's session.
- XRP / USD several obstacles are seen in view of further increases.
Ripple's XRP managed to push into positive territory towards the last phase of Friday's trading. The price has risen by just over 1%, stabilizing after the strong pressures on Thursday, where it suffered large double-digit losses.
The XRP / USD bulls had failed to capitalize on a bullish pennant model structure. It was shrinking within the confines of this, giving suggestions for an explosive break on the upside. However, the bears have forced a breach, seeing it fall to the lowest level since 18 December.
Looking through the confluence detector, there are some heavy upward barriers. In the first place; $ 0.3394, 23.6% Fibonacci daily, $ 0.3464, monthly pivot point and $ 0.3499, 38.2% Fibonacci monthly. Further north, eyes on a potential new test of the broken pennant, $ 0.3700.
XRP / USD daily confluence detector
Daily XRP / USD chart
