XRP/USDT – 4H – SELLThe pair goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 0.525200000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.543200000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.5068 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.543200000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.545900000 |
| 2nd High | 0.545000000 |
| Next High | 0.543200000 |
| Current Price | 0.540200000 |
| Next Low | 0.525200000 |
| 2nd Low | 0.520900000 |
| 3rd Low | 0.506800000 |