XRPUSD reversed off resistance, potential for further drop!
XRPUSD reversed off our first resistance at 0.3415 (61.8% Fibonacci extension , 23.6% Fibonacci retracement , horizontal overlap resistance) where a strong reversal might occur below this level pushing price to our major support at 0.2646 (61.8% fibonacci extension , horizontal swing low support).
RSI (21) is also approaching 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.
RSI (21) is also approaching 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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