XRPUSD approaching support, potential bounce!

21 de set. de 2018

XRPUSD is approaching our first support at 0.4248 (horizontal swing low support, 38.2%, 76.4% Fibonacci retracement, 61.8% Fibonacci extension, short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 0.5232 (horizontal swing high resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement).
RSI (89) is also seeing a bullish exit.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.