XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support level at 1.068800000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 1.117200000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bearish Engulfing’ candle chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.148000000 |
| 2nd High | 1.123000000 |
| Next High | 1.117200000 |
| Current Price | 1.093000000 |
| Next Low | 1.068800000 |
| 2nd Low | 1.031500000 |
| 3rd Low | 1.002600000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing