XRPUSD is approaching our first resistance (horizontal overlap resistance, 50%, 78.6% Fibonacci retracement) where a strong drop to our support level (horizontal swing low support, 50% Fibonacci retracement) might occur.
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.
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