XRP/USDT – 4H – SELLThe pair moves from the ascending trendline down.
A descending movement down to the next support level at 0.486000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.533800000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.503936 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.533800000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.562000000 |
| 2nd High | 0.560800000 |
| Next High | 0.533800000 |
| Current Price | 0.521800000 |
| Next Low | 0.486000000 |
| 2nd Low | |
| 3rd Low |