XRP/USDT – 30M – SELLThe currency pair moves from the bullish trendline downwards
A descent downwards to the next support level at 0.542800000 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.550000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.5397 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.550000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.562000000 |
| 2nd High | 0.553200000 |
| Next High | 0.550000000 |
| Current Price | 0.543300000 |
| Next Low | 0.542800000 |
| 2nd Low | 0.539700000 |
| 3rd Low | 0.537500000 |