XRP/USDT – 30M – SELLThe combination goes from the ascending trendline down.
A bearish trend down to the next support line at 0.608800000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.625000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.6076 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 0.625000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.664900000 |
| 2nd High | 0.654800000 |
| Next High | 0.625000000 |
| Current Price | 0.618400000 |
| Next Low | 0.608800000 |
| 2nd Low | 0.607600000 |
| 3rd Low | 0.585600000 |