Ripple is testing major support at 0.8614 (78.6% Fibonacci retracement, horizontal overlap support, channel support)and a strong bounce could occur at this level to push price up towards 1.5341 resistance (50% Fibonacci retracement, horizontal pullback resistance).
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
No offense, but it's very funny when we talk about major support, major resistance with the cryptos:) We still don't have enough data to make a viable technical analysis. Like for example XRL/BTC is only in a wave 2 of 5. Wave 1 started at $0.20 and completed at $3.15 range. From this point it merely retraces, and it's heading to 0.786% retracement ( it didn't stop at 0.68%), maybe it will stop at $0.81, unless it continues down back to $0.20.
gopisiroptio
⋅
great and precise analysis, waiting for the entry point, THX