XRPUSD has reversed off our resistance at 0.3869 (horizontal overlap resistance, 23% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong reversal might occur below this level pushing price down to our major support at 0.3181 (100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI has reversed off resistance and 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.
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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