XRP/USDT – 4H – SELLThe currency pair moves from the ascending trendline downwards
A bearish trend down to the next support at 0.506800000 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.664900000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.5068 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 0.664900000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.664900000 |
| Current Price | 0.535300000 |
| Next Low | 0.506800000 |
| 2nd Low | 0.431900000 |
| 3rd Low |