Possible strong psych support at .48600 basically zone to zone action in confluence with a respected trend line assuming ripple continues to maintain bullish momentum.


Interesting analysis on XRPUSD! We have identified key resistance and support levels for our set up. Currently, prices are approaching our first resistance at 0.5277 which is made up of a horizontal swing high resistance, 61.8% Fibonacci extension and a 61.8% Fibonacci retracement. Stochastic is approaching resistance at 88.12% where we might see a corresponding drop in price. If a potential drop does occur, we might want to look at 0.4489 support level which consists of horizontal overlap support, 100% Fibonacci extension and a 61.8% Fibonacci retracement. Looking forward to see how things develop.

Please have a look at our idea and we would like to hear your thoughts.

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