XRP/USDT – 30M – SELLThe currency pair jumps from the bullish trendline downwards
A bearish movement downwards to the next support line at 0.635000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.664900000 could occur.
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 certain. Target of the current trend is 0.62445 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.664900000 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.664900000 |
| Current Price | 0.644000000 |
| Next Low | 0.635000000 |
| 2nd Low | 0.607600000 |
| 3rd Low | 0.585600000 |