XRP/USDT – 30M – SELLThe currency pair jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 0.585600000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.596400000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend 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 the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.612800000 |
| 2nd High | 0.605300000 |
| Next High | 0.596400000 |
| Current Price | 0.587800000 |
| Next Low | 0.585600000 |
| 2nd Low | 0.573900000 |
| 3rd Low | 0.562000000 |