Ripple approaching major support, potential upcoming bounce!

XRPUSD is approaching major support at 0.8726 (Fibonacci extension, horizontal swing low support, pullback support, bullish divergence) and a strong bounce could occur at this level to push price up towards 0.9402 resistance before 0.9747 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing strong support above 4.2% and a corresponding bounce could occur at this level. We’re also seeing bullish divergence vs price signaling that a reversal could occur.

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