XRP/USDT – 30M – SELLThe currency pair goes from the ascending trendline downwards
A descending movement down to the next support line at 0.507700000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.523700000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.508046 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.523700000 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.525500000 |
| 2nd High | 0.524400000 |
| Next High | 0.523700000 |
| Current Price | 0.512800000 |
| Next Low | 0.507700000 |
| 2nd Low | 0.502500000 |
| 3rd Low | 0.486000000 |