XRPUSD is approaching our first resistance at 0.5277 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.4489 (horizontal overlap support, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
good call...no reason we cant go down to 0.43 though
easyMarkets
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@DrunkLife, at 0.4489 there is a horizontal overlap support, 100% Fibonacci extension and a 61.8% Fibonacci retracement which make it a rather strong support and it was tested as a support once before at 15 oct, 9pm! But you are right, there is also a possibility of price dropping to 0.43.
airudz
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Maybe it will break the resistance and hit 0.8 by end of month or drop to 0.48. ;-)