XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline downwards
A bearish trend downwards to the next support level at 1.995400000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 2.452200000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Last Engulfing Top’ chart pattern is found. The candles show ‘Last Engulfing Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.909200000 |
| 2nd High | 2.728100000 |
| Next High | 2.452200000 |
| Current Price | 2.442800000 |
| Next Low | 1.995400000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.429200000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Last Engulfing Top