XRPShort
XRP Reversed off Resistance, Potential For Further Drop
XRP has reversed off our first resistance at 0.5468 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where a strong drop might occur below this level pushing price down to our major support at 0.3804 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support). Stochastic (55,5,3) has reversed off our resistance 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.
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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