XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
The bearish trend downwards to the next support level at 1.429200000 will continue.
Caution: A possible trend reversal in the direction of resistance at 2.909200000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 2.09335 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 2.909200000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 2.909200000 |
| Current Price | 2.380100000 |
| Next Low | 1.429200000 |
| 2nd Low | 1.283300000 |
| 3rd Low | 1.277500000 |