XRPUSD has reversed off our resistance at 0.3869 (horizontal overlap resistance, 23% Fibonacci retracement
, 61.8% Fibonacci extension
) where a strong reversal might occur below this level pushing price down to our major support at 0.3181 (100% Fibonacci extension
). Ichimoku cloud
is also showing signs of bearish
pressure in line with our bearish
has reversed off resistance and we 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.