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ETH and XRP lack healthy support levels – Confluence Detector

25 August 2020
in XRP
Reading Time: 1 min read
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Top 3 coins daily confluence detector

Bitcoin

  • Open: $11,756.81
  • Current price: $11,744

BTC/USD has one strong resistance level at $11,900, which has the one-week Fibonacci 38.2% retracement level, daily Pivot Point resistance-one and one-day Previous High, among others.

On the downside, we have two healthy support levels at $11,725 and $11,500. The former has the one-week Fibonacci 23.6% retracement level and one-day Fibonacci 38.2% retracement level.

Ethereum

  • Open: $407.90 
  • Current price: $406.49 

ETH/USD lacks healthy support on the downside. The bulls face strong resistance at $410, highlighted by the one-week Fibonacci 38.2% retracement level.

Ripple

  • Open: $0.2887 
  • Current price: $0.2880

Quite like ETH/USD, XRP/USD also happens to lack healthy support. On the upside, we have one strong resistance level at $0.291, which has the monthly Pivot Point one resistance-one and one-week Fibonacci 23.6% retracement level.
 



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