XRP/USDT Long-Term Trend: Bearish
Key Resistance Levels: 0.7305, 0.7672, 0.7921
Key Support Levels: 0.6943, 0.6512, 0.6500
The price is trending to the downside by posting lower lows and highs. A correction count has been posted to the resistance (previously support). We expect further movement to the downside in the same direction of the main trend.
XRP/USDT Medium-Term Trend: Bearish
On the 15-mins time frame, the price is trading inside a bearish channel formation. A higher correction has been posted to the resistance around the 0.7292 USDT mark. We expect after this correction a move to the downside toward the target profit mentioned below.
Sell Stop Order @ 0.7275
TP 1 @ 0.6954
TP 2 @ 0.6943
Stop Loss @ 0.7434
Trade Safely 🙂