The currency pair Ripple/Tether (XRP/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 1.1433 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.1866 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.
And also a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3484 |
| 2nd High | 1.2491 |
| Next High | 1.1866 |
| Current Price | 1.135600000 |
| Next Low | 1.1433 |
| 2nd Low | 1.09 |
| 3rd Low |
1.1866 – 1.1719 – 1.185 – 1.1433 – 1.09 – 1.1407 —
1.166600000 – 1.145700000 —
47.243887256221 – 44.735107241558 —
– —
1.1866 – 1780945200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –