easyMarkets
Short

XRPUSD approaching resistance, potential drop!

BITFINEX:XRPUSD   Ripple / U.S. Dollar
XRPUSD is approaching our first resistance at 0.2901 (horizontal swing high resistance, 100% Fibonacci extension , 38.2% Fibonacci retracement , descending resistance line) and a strong drop might occur below this level pushing price down to our major support at 2.2687 (horizontal overlap support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ).
Stochastic (89,5,3) is also approaching resistance and a reaction below this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Get real-time updates on our trading ideas with guidance from our team of wonderful analysts for free at our Live Trading Room : https://www.markettradersgroup.com/
Wow, XRP is on fire!
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out