Ripple approaching major support, potential upcoming bounce!
XRPUSD is approaching major support at 0.8726 (Fibonacci extension, horizontal swing low support, pullback support, bullish divergence) and a strong bounce could occur at this level to push price up towards 0.9402 resistance before 0.9747 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above 4.2% and a corresponding bounce could occur at this level. We’re also seeing bullish divergence vs price signaling that a reversal could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is seeing strong support above 4.2% and a corresponding bounce could occur at this level. We’re also seeing bullish divergence vs price signaling that a reversal could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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