XRPUSD is approaching our support at 0.2518 (horizontal swing low support, 100%, 61.8% Fibonacci extension
) and a strong bounce might occur pushing price up to our major resistance at 0.2900 (horizontal swing high resistance, 100% Fibonacci extension
, 38.2% Fibonacci retracement
). Ichimoku cloud
is also showing signs of bearish
pressure in line with our bearish
(89,5,3) is also approaching support and a bounce off this level might see a corresponding rise in price.
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