XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 2.246500000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 2.541300000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 2.3707 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 2.541300000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.909200000 |
| 2nd High | 2.728100000 |
| Next High | 2.541300000 |
| Current Price | 2.445800000 |
| Next Low | 2.246500000 |
| 2nd Low | 2.235100000 |
| 3rd Low | 2.200100000 |