XRP/USDT – 1H – SELLThe currency pair jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 0.577000000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.594500000 is within the realm of possibility.
Consider stop-loss settings accordingly.
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 0.57715 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.594500000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.600300000 |
| 2nd High | 0.599200000 |
| Next High | 0.594500000 |
| Current Price | 0.582100000 |
| Next Low | 0.577000000 |
| 2nd Low | 0.562000000 |
| 3rd Low | 0.559800000 |