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Short

XRPUSD reversed off resistance, potential for further drop!

BITFINEX:XRPUSD   XRP / U.S. Dollar
Price is approaching our first resistance (horizontal swing high resistance, 50% Fibonacci retracement , 61.8% Fibonacci extension ) where we might see a corresponding drop to our first support level (horizontal swing low support, 100% Fibonacci extension ).
Stochastic is also approaching resistance where 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.
Why is it at 39 now?
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I'm Bullish On #XRPUSD

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