XRPUSD reversed off our first resistance at 0.3415 (61.8% Fibonacci extension , 23.6% Fibonacci retracement , horizontal overlap resistance) where a strong reversal might occur below this level pushing price to our major support at 0.2646 (61.8% fibonacci extension , horizontal swing low support).
RSI (21) is also approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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