XRPUSD approaching support, potential bounce!
XRPUSD is approaching our support at 0.2518 (horizontal swing low support, 100%, 61.8% Fibonacci extension) and a strong bounce might occur pushing price up to our major resistance at 0.2900 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
Stochastic (89,5,3) is also approaching support and a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Stochastic (89,5,3) is also approaching support and a bounce off this level might see a corresponding rise 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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