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XRPUSD approaching support, potential bounce!

XRPUSD is approaching our first support at 0.4479 (horizontal overlap support, 61.8% Fibonacci extension, 50%, 61.8% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.4955 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

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