XRP/USDT – 30M – SELLThe currency pair goes from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 0.580000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.588200000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.5805952 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 0.588200000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.594500000 |
| 2nd High | 0.593000000 |
| Next High | 0.588200000 |
| Current Price | 0.583800000 |
| Next Low | 0.580000000 |
| 2nd Low | 0.576300000 |
| 3rd Low | 0.562000000 |