XRP Long Or Short?These are possible entries for both long and short.
Keep an eye on MacD on all timeframes. 4hr looks Bearish.
Wait for confirmation of a trend line and support/resistance break and retest if you want to be sure!
Xerpusdlong
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 (34) 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.
