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Mar 13, 2019 2:24 AM

XRPUSD approaching resistance, potential drop!  Short

XRP / DollarBitfinex

Description

XRPUSD is approaching our first support at 0.3262 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop to our major support at 0.3121 (horizontal swing low support) might occur.
Stochastic (89,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

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