XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support line at 1.077400000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.130700000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.1033 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 1.130700000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.175800000 |
| 2nd High | 1.151000000 |
| Next High | 1.130700000 |
| Current Price | 1.101500000 |
| Next Low | 1.077400000 |
| 2nd Low | 1.065000000 |
| 3rd Low | 1.055600000 |