XRP/USDT – 1H – BUYThe pair jumps from the bullish trendline down.
A bearish descent downwards to the next support line at 0.530700000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.545900000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.53595 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.545900000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.654800000 |
| 2nd High | 0.634200000 |
| Next High | 0.545900000 |
| Current Price | 0.531200000 |
| Next Low | 0.530700000 |
| 2nd Low | 0.529500000 |
| 3rd Low | 0.526000000 |