XRPUSD approaching resistance, potential reversal
XRPUSD is approaching our first resistance at 0.4158 (61.8% Fibonacci extension, 23.6% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a strong reversal might occur below this level pushing price to our major support at 0.3524 (50% Fibonacci retracement, horizontal overlap support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding reversal in price.
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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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