XRP/USDT – 30M – SELLThe currency pair moves from the ascending trendline downwards
A descending movement down to the next support line at 0.530700000 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.544500000 should be noted.
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 0.53525 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.544500000 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.634200000 |
| 2nd High | 0.627400000 |
| Next High | 0.544500000 |
| Current Price | 0.535300000 |
| Next Low | 0.530700000 |
| 2nd Low | 0.529500000 |
| 3rd Low | 0.528400000 |