Additionally a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The pair Ripple/Tether (XRP/USDT) goes from the ascending trendline down.
A bearish movement down to the next support at is considered certain.
Caution: A possible change in the direction of the resistance level at 3.036500000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.081700000 |
| 2nd High | 3.045400000 |
| Next High | 3.036500000 |
| Current Price | 2.956100000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.036500000 – 2.996400000 – 2.928500000 – 2.936700000 – 2.933700000 – 2.792700000 — 50.108049439536 – 48.180511691603
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – – Rising Wedge Chart Pattern – –