XRPUSD approaching resistance, potential drop

2018年9月17日

XRPUSD is approaching our first resistance at 0.2901 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension, 38.2% Fibonacci retracement, descending resistance line) and a strong drop might occur below this level pushing price down to our major support at 0.2687 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (55,5,3) is also approaching resistance and a reaction below this level might see a corresponding drop in price.
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