XRPUSD Approaching Support, Potential Bounce!
XRPUSD is approaching our first support at 0.4245 (horizontal swing low support, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 0.4573 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). A breakout above our short-term descending resistance line might provide the bullish acceleration to our major resistance target.
Stochastic (89,5,3) is also approaching our support and a bounce off this level might see a corresponding rise in price.
Stochastic (89,5,3) is also approaching our support and a bounce off this level might see a corresponding rise in price.
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