XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the bullish trendline down.
A bearish descent downwards to the next support level at 2.114900000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 2.237900000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Two Crows’ candlestick pattern is existing. The chart forms ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.332500000 |
| 2nd High | 2.317300000 |
| Next High | 2.237900000 |
| Current Price | 2.184300000 |
| Next Low | 2.114900000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.429200000 |