XRPUSD approaching support, potential bounce!

10 May 2019

XRPUSD is approaching our first support (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong bounce to our resistance (horizontal pullback resistance, 50% Fibonacci retracement) might occur. Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.