XRP/USDT – 1H – BUYThe combination Ripple/Tether (XRP/USDT) jumps from the ascending trendline down.
The bearish trend down to the next support level at 1.277500000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.595400000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 1.5038108 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.595400000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.630000000 |
| Next High | 1.595400000 |
| Current Price | 1.389300000 |
| Next Low | 1.277500000 |
| 2nd Low | 1.095300000 |
| 3rd Low | 1.065000000 |