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Long

XRPUSD approaching support, potential bounce!

BITFINEX:XRPUSD   XRP / U.S. Dollar
XRPUSD is approaching our support at 0.3349 (horizontal overlap support, 61.8% Fibonacci extension , 61.8% Fibonacci retracement , short term ascending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 0.3499 (horizontal swing high resistance, 61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastics (89,5,3) is approaching support where a bounce above this level might see a corresponding rise in price.
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Comments

Correct illustration of the short term Ascending Triangle. We have 0.4100 as the major Resistance and remain bearish overall:

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