BITFINEX:XRPUSD   XRP / U.S. Dollar
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.

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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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