XRP/USDT – 30M – BUYThe currency pair Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
An ascent up to the next resistance line at 2.484000000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 2.380300000 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Bullish Engulfing’ candlestick chart pattern is existing. The chart shows ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.680000000 |
| 2nd High | 2.646900000 |
| Next High | 2.484000000 |
| Current Price | 2.413100000 |
| Next Low | 2.380300000 |
| 2nd Low | 2.350200000 |
| 3rd Low | 2.285100000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Engulfing