XRP/USDT – 1H – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance at 2.587200000 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 2.284000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is likely expected. Current target is 2.3488848 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 2.587200000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.680000000 |
| 2nd High | 2.646900000 |
| Next High | 2.587200000 |
| Current Price | 2.307900000 |
| Next Low | 2.284000000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.429200000 |