XRP/USDT – 30M – SELLThe combination moves from the ascending trendline down.
A bearish trend downwards to the next support level at 0.537500000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.562000000 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.538027 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.562000000 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.634200000 |
| 2nd High | 0.627400000 |
| Next High | 0.562000000 |
| Current Price | 0.543000000 |
| Next Low | 0.537500000 |
| 2nd Low | 0.536700000 |
| 3rd Low | 0.531500000 |