XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 1.283300000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.539300000 is within the realm of possibility.
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 1.36069 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 1.539300000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.630000000 |
| 2nd High | 1.595400000 |
| Next High | 1.539300000 |
| Current Price | 1.432200000 |
| Next Low | 1.283300000 |
| 2nd Low | 1.277500000 |
| 3rd Low | 1.095300000 |