XRP/USDT – 1H – SELLThe combination moves from the ascending trendline down.
A descent down to the next support at 0.523100000 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 0.599200000 could occur.
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. Current target is 0.55945 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.599200000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.631000000 |
| 2nd High | 0.600300000 |
| Next High | 0.599200000 |
| Current Price | 0.576300000 |
| Next Low | 0.523100000 |
| 2nd Low | 0.520800000 |
| 3rd Low | 0.519700000 |