XRP/USDT – 30M – SELLThe pair jumps from the ascending trendline down.
A descending movement downwards to the next support level at 0.525200000 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.540200000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.5342 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.540200000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.545000000 |
| 2nd High | 0.543200000 |
| Next High | 0.540200000 |
| Current Price | 0.537300000 |
| Next Low | 0.525200000 |
| 2nd Low | 0.524300000 |
| 3rd Low | 0.523100000 |