XRP/USDT – 30M – SELLThe pair moves from the bullish trendline down.
A bearish descent downwards to the next support line at 0.520900000 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.532300000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.5268 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.532300000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.545900000 |
| 2nd High | 0.534500000 |
| Next High | 0.532300000 |
| Current Price | 0.532100000 |
| Next Low | 0.520900000 |
| 2nd Low | 0.515500000 |
| 3rd Low | 0.510000000 |