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Ripple is testing major resistance, potential for a strong drop!

Short
XRP (BITFINEX:XRPUSD)  
Tickmill Broker  
BITFINEX:XRPUSD   XRP
Trend Analysis Harmonic Patterns Chart Patterns ripple ripplelong rippleshort xrpusd xrpusdlong xrpusdshort xrpusdidea Bitcoin (Cryptocurrency) Cryptocurrency
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trendanalysis harmonicpatterns chartpattern ripple ripplelong rippleshort xrpusd xrpusdlong xrpusdshort xrpusdidea bitcoin cryptocurrency
XRPUSD is testing major resistance at 0.8320 (Fibonacci retracement, horizontal overlap resistance) and a strong drop could occur from here to push prices down to 0.7461 support (Fibonacci extension, horizontal swing low support). Our next major resistance is at 0.8756 (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing strong resistance below 90% where a corresponding drop could occur.

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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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