Ripple above major support, prepare for a potential bounce!

BITSTAMP:XRPUSD   Ripple / Dollar

Ripple remains above major support at 1.2007 ( Fibonacci retracement , horizontal overlap support) and a potential bounce could occur at this level to push price all the way up to 1.7564 resistance ( Fibonacci retracement , horizontal overlap resistance).

Stochastic (55,5,3) is seeing major support above 39% where a bounce could occur in the intermediate future. It also has good upside potential.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Guys, get more real-time updates on our trading ideas here : https://t.me/tickmillroom

This analysis is provided as general market commentary and does not constitute investment advice.
It looks like we are breaking out. 8 minutes till confirmation.

@Tickmill nice....this would be great. Thoughts on XLM? It usually follows Ripple.
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