XRP/USDT – 30M – SELLThe currency pair jumps from the ascending trendline downwards
The bearish trend down to the next support level at 0.537500000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.552500000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.54355 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.552500000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.627400000 |
| 2nd High | 0.555600000 |
| Next High | 0.552500000 |
| Current Price | 0.548200000 |
| Next Low | 0.537500000 |
| 2nd Low | 0.536700000 |
| 3rd Low | 0.531500000 |