XRPUSD approaching resistance, potential drop!
XRPUSD is approaching our first resistance at 0.4619 (horizontal overlap resistance, 61.8% fibonacci extension, 50%, 38.2% fibonacci retarcement) and we might see a strong drop in price below this level to our major support at 0.3744 (horizontal swing low support, 100% fibonacci extension, 50% fibonacci retracement).
Stochastic (21,5,3) is also approaching our resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (21,5,3) is also approaching our resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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