XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) moves from the bullish trendline down.
A descending movement down to the next support level at 2.333300000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 2.531900000 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Bearish Engulfing’ candle chart pattern is found. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.680000000 |
| 2nd High | 2.646900000 |
| Next High | 2.531900000 |
| Current Price | 2.484100000 |
| Next Low | 2.333300000 |
| 2nd Low | 2.284000000 |
| 3rd Low | 1.900000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing