XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 2.778000000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 2.884900000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Matching Low’ candle chart pattern is existing. The candles show ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.026300000 |
| 2nd High | 2.886700000 |
| Next High | 2.884900000 |
| Current Price | 2.818500000 |
| Next Low | 2.778000000 |
| 2nd Low | 2.697500000 |
| 3rd Low | 2.662900000 |
2.884900000 – 2.886700000 – 2.839000000 – 2.778000000 – 2.811000000 – 2.697500000 — 47.22168249043 – 47.14904597349
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – – –