XRP/USDT – 1H – SELLThe pair jumps from the ascending trendline downwards
A bearish trend downwards to the next support line at 0.531500000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.562000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.5415 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.562000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.654800000 |
| 2nd High | 0.634200000 |
| Next High | 0.562000000 |
| Current Price | 0.550200000 |
| Next Low | 0.531500000 |
| 2nd Low | 0.525200000 |
| 3rd Low | 0.521000000 |