Ripple is testing major resistance, potential for a strong drop!
XRPUSD is testing major resistance at 0.8320 (Fibonacci retracement, horizontal overlap resistance) and a strong drop could occur from here to push prices down to 0.7461 support (Fibonacci extension, horizontal swing low support). Our next major resistance is at 0.8756 (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong resistance below 90% where a corresponding drop could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is seeing strong resistance below 90% where a corresponding drop could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results