XRP/USDT – 1H – SELLThe combination jumps from the ascending trendline down.
A descending movement downwards to the next support at 0.505700000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.530500000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.4979652 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 0.530500000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.536700000 |
| 2nd High | 0.533800000 |
| Next High | 0.530500000 |
| Current Price | 0.508600000 |
| Next Low | 0.505700000 |
| 2nd Low | 0.486000000 |
| 3rd Low |