XRP/USDT – 1H – SELLThe pair jumps from the bullish trendline downwards
A bearish movement downwards to the next support line at 0.577800000 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.634200000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.5778 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.634200000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.664900000 |
| 2nd High | 0.654800000 |
| Next High | 0.634200000 |
| Current Price | 0.589700000 |
| Next Low | 0.577800000 |
| 2nd Low | 0.573900000 |
| 3rd Low | 0.562000000 |