XRP/USDT – 30M – SELLThe combination moves from the ascending trendline down.
A bearish descent down to the next support line at 0.531500000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.549100000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.5317056 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.549100000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.627400000 |
| 2nd High | 0.555600000 |
| Next High | 0.549100000 |
| Current Price | 0.537200000 |
| Next Low | 0.531500000 |
| 2nd Low | 0.525200000 |
| 3rd Low | 0.524300000 |