XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 2.324900000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 2.541300000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish Engulfing’ candle pattern is detected. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.909200000 |
| 2nd High | 2.728100000 |
| Next High | 2.541300000 |
| Current Price | 2.445800000 |
| Next Low | 2.324900000 |
| 2nd Low | 2.246500000 |
| 3rd Low | 2.235100000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing