XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) goes from the ascending trendline down.
A bearish descent down to the next support line at 1.095300000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.513000000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.2097258 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.513000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.630000000 |
| 2nd High | 1.595400000 |
| Next High | 1.513000000 |
| Current Price | 1.307700000 |
| Next Low | 1.095300000 |
| 2nd Low | 1.077400000 |
| 3rd Low | 1.065000000 |