XRPUSD is approaching our first resistance at 0.4619 (horizontal overlap resistance, 61.8% fibonacci extension, 50%, 38.2% fibonacci retarcement) and we might see a strong drop in price below this level to our major support at 0.3744 (horizontal swing low support, 100% fibonacci extension, 50% fibonacci retracement). Stochastic (21,5,3) is also approaching our 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.
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