XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 1.031500000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.186500000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.01255 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 1.186500000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.269800000 |
| Next High | 1.186500000 |
| Current Price | 1.132100000 |
| Next Low | 1.031500000 |
| 2nd Low | 1.002600000 |
| 3rd Low | 0.773100000 |