XRP/USDT – 30M – SELL

The pair Ripple/Tether (XRP/USDT) moves from the ascending trendline downwards

A bearish descent down to the next support line at 2.367400000 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 2.458400000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Bearish Harami’ candlestick pattern is existing. The candles form ‘Bearish Harami’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).

Download XRP/USDT Signal Image

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Harami