easyMarkets
Long

XRPUSD approaching support, potential bounce!

BITFINEX:XRPUSD   XRP / U.S. Dollar
XRPUSD is approaching our first support (horizontal swing low support, 61.8% Fibonacci extension , 78.6% Fibonacci retracement ) where a strong bounce to our resistance (horizontal pullback resistance, 50% Fibonacci retracement ) might occur. Stochastic is also approaching support where we might see a corresponding bounce in price.
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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