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Ripple approaching support, potential to bounce strongly!

BITFINEX:XRPUSD   Ripple / Dollar
XRPUSD is approaching major support at 0.7339 ( Fibonacci extension , horizontal swing low support) and a strong bounce could occur at this level to push prices all the way up to 0.8320 resistance ( Fibonacci retracement , horizontal overlap resistance).

Stochastic (34,5,3) is seeing major support above 2.8% and a corresponding bounce could occur above this level.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Guys, get more real-time updates on our trading ideas here : https://t.me/tickmillroom

This analysis is provided as general market commentary and does not constitute investment advice.
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