XRP/USDT – 4H – SELLThe currency pair moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.576300000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.612800000 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.56795 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.612800000 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.643400000 |
| 2nd High | 0.631000000 |
| Next High | 0.612800000 |
| Current Price | 0.586800000 |
| Next Low | 0.576300000 |
| 2nd Low | 0.562000000 |
| 3rd Low | 0.559800000 |