XRPUSD approaching support, potential bounce!

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.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.


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

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