XRP/USDT – 1H – BUYThe combination jumps from the bullish trendline downwards
The bearish trend down to the next support line at 0.531500000 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.555600000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.5556 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.555600000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.654800000 |
| 2nd High | 0.634200000 |
| Next High | 0.555600000 |
| Current Price | 0.548800000 |
| Next Low | 0.531500000 |
| 2nd Low | 0.525200000 |
| 3rd Low | 0.521000000 |