XRP/USDT – 1H – SELLThe combination jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support at 0.491700000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.524400000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.5016356 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 0.524400000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.533800000 |
| 2nd High | 0.530500000 |
| Next High | 0.524400000 |
| Current Price | 0.510900000 |
| Next Low | 0.491700000 |
| 2nd Low | 0.486000000 |
| 3rd Low |