XRP/USDT – 30M – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
A bullish trend upwards to the next resistance line at 1.151000000 is certain.
Caution: A possible trend reversal in the direction of the support zone at 1.055600000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.1033 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.151000000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.186500000 |
| 2nd High | 1.175800000 |
| Next High | 1.151000000 |
| Current Price | 1.086000000 |
| Next Low | 1.055600000 |
| 2nd Low | 1.031500000 |
| 3rd Low | 1.002600000 |