Ripple has made a bullish exit of our long term descending resistance-turned-support line triggering a potential bullish move to push price up towards 1.7564 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Our 1st support remains at 1.2007 (pullback support, overlap support).
Stochastic (55,5,3) is seeing ascending support in line with the bullish momentum we’re expecting on Ripple.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is seeing ascending support in line with the bullish momentum we’re expecting on Ripple.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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