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Ripple bounced perfectly as forecasted, prepare for bounce again

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Ripple (BITSTAMP:XRPUSD)  
Tickmill Mäklare  
BITSTAMP:XRPUSD   Ripple
Trend Analysis Harmonic Patterns Chart Patterns xrpusd xrplong xrpshort crytocurrency ripple ripplelong rippleshort rippleidea ripplebreakout
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trendanalysis harmonicpatterns chartpattern xrpusd xrplong xrpshort crytocurrency ripple ripplelong rippleshort rippleidea ripplebreakout
Ripple has bounced off our support perfectly as forecasted previously. We are seeing another potential upcoming bounce with major support at 1.2007 (Fibonacci retracement, horizontal overlap support) which could drive price up to previous resistance at 1.7564 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension).

Stochastic (34,5,3) is seeing really strong support above 5.7% where a potential bounce could occur.

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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