XRP/USDT – 30M – BUYThe currency pair breaks through the descending trendline upwards
An ascending movement up to the next resistance at 0.594500000 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.581300000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.5945 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.594500000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.600300000 |
| 2nd High | 0.599200000 |
| Next High | 0.594500000 |
| Current Price | 0.589400000 |
| Next Low | 0.581300000 |
| 2nd Low | 0.562000000 |
| 3rd Low | 0.559800000 |