XRP/USDT – 30M – SELLThe currency pair moves from the descending trendline downwards
A continuation of the downward movement down to the next support level at 0.520900000 is likely expected.
Caution: A possible change in the direction of resistance at 0.534600000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.52835 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 0.534600000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.545900000 |
| 2nd High | 0.535800000 |
| Next High | 0.534600000 |
| Current Price | 0.530400000 |
| Next Low | 0.520900000 |
| 2nd Low | 0.515500000 |
| 3rd Low | 0.510000000 |