XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A bearish trend downwards to the next support at 0.562400000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.269800000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.88075 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 1.269800000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.269800000 |
| Current Price | 1.065700000 |
| Next Low | 0.562400000 |
| 2nd Low | 0.543600000 |
| 3rd Low | 0.495700000 |