XRP/USDT – 1H – SELLThe pair jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.584000000 is certain.
Caution: A possible change in the direction of resistance at 0.634200000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.593374 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.634200000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.664900000 |
| 2nd High | 0.654800000 |
| Next High | 0.634200000 |
| Current Price | 0.606600000 |
| Next Low | 0.584000000 |
| 2nd Low | 0.573900000 |
| 3rd Low | 0.562000000 |