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Sep 21, 2018 2:37 AM

XRPUSD approaching support, potential bounce! Long

XRP / DollarBitfinex

Description


XRPUSD is approaching our first support at 0.4248 (horizontal swing low support, 38.2%, 76.4% Fibonacci retracement, 61.8% Fibonacci extension, short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 0.5232 (horizontal swing high resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement).
RSI (89) is also seeing a bullish exit.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Comments
Pijnacker01
Wowzer, now what?! XRP is on fire!!!
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