The pair Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
A bullish trend upwards to the next resistance line at 1.4642 is considered certain.
Caution: A possible change in the direction of the support level at 1.3931 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 1.42155 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 1.4642 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bullish Belt Hold’ candlestick pattern is found. The candles form ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4984 |
| 2nd High | 1.4703 |
| Next High | 1.4642 |
| Current Price | 1.400300000 |
| Next Low | 1.3931 |
| 2nd Low | 1.3728 |
| 3rd Low | 1.1172 |
1.4642 – 1.4631 – 1.4703 – 1.3931 – 1.3728 – 1.4191 —
1.420400000 – 1.402800000 —
47.29850029109 – 36.4094053656 —
– —
1.4642 – 1770654600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Belt Hold – – –