XRP/USDT – 30M – BUYThe currency pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline down.
A descent down to the next support at 2.133400000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 2.197600000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Below The Stomach’ candlestick chart pattern is found. The chart forms ‘Below The Stomach’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Below The Stomach’ going down is 60% (Bull Market) & 65% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.237900000 |
| 2nd High | 2.207600000 |
| Next High | 2.197600000 |
| Current Price | 2.148700000 |
| Next Low | 2.133400000 |
| 2nd Low | 2.114900000 |
| 3rd Low | 1.900000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Below The Stomach