XRPUSD is approaching our first resistance at 0.3113 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement
, 100% Fibonacci extension
) and a strong drop
might occur below this level pushing price down to our major support at 0.2743 (horizontal swing low support, 78.6% Fibonacci retracement
(89) is also approaching resistance where we might see a corresponding drop
in price should it react off this level.
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