XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
The bearish trend down to the next support at 2.327300000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 2.442300000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.728100000 |
| 2nd High | 2.474300000 |
| Next High | 2.442300000 |
| Current Price | 2.416500000 |
| Next Low | 2.327300000 |
| 2nd Low | 1.995400000 |
| 3rd Low | 1.900000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing