XRP/USDT – 30M – SELLThe currency pair moves from the ascending trendline downwards
A descent downwards to the next support line at 0.573900000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.596400000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.58515 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.596400000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.612800000 |
| 2nd High | 0.605300000 |
| Next High | 0.596400000 |
| Current Price | 0.590800000 |
| Next Low | 0.573900000 |
| 2nd Low | 0.562000000 |
| 3rd Low | 0.559800000 |