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 bias. Stochastic (89,5,3) is also approaching support and a bounce off this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks