XRPUSD approaching resistance, potential drop!

١١ سبتمبر ٢٠١٨

XRPUSD is approaching our first resistance at 0.27613 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.2539 (horizontal swing low support, 100% Fibonacci extension).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level.
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