XRPUSD approaching resistance, potential drop!
XRPUSD is approaching our first support at 0.4958 (horizontal overlap resistance, 61.8% Fibonacci, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price down to our major support at 0.4326 (horizontal overlap support, 76.4% Fibonacci retracement).
RSI (89) is also seeing a bearish exit 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.
RSI (89) is also seeing a bearish exit 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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