XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 3.000400000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 3.058600000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 3.01005 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 3.058600000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.185800000 |
| 2nd High | 3.066900000 |
| Next High | 3.058600000 |
| Current Price | 3.032200000 |
| Next Low | 3.000400000 |
| 2nd Low | 2.964200000 |
| 3rd Low | 2.953200000 |
3.058600000 – 3.049600000 – 3.043000000 – 3.000400000 – 2.964200000 – 2.970800000 — 51.278190174586 – 45.890917155526