Ripple is approaching major support, watch for potential bounce!

٢ فبراير ٢٠١٨

Ripple has dropped strongly and is now approaching major support at 0.8224 (Fibonacci extension, Elliott wave structure, horizontal swing low support, bullish divergence) and a strong bounce could occur at this level to push price up to at least 1.1511 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing major support above 8.4% where a corresponding bounce could occur. We are also seeing major bullish divergence vs price signaling that a reversal is impending.

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