XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the descending trendline down.
A continuation of the downward movement down to the next support at 2.484300000 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 2.619600000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Line Strike – Bearish’ chart pattern is existing. The chart shows ‘Three Line Strike – Bearish’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bearish’ heading down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.909200000 |
| 2nd High | 2.680000000 |
| Next High | 2.619600000 |
| Current Price | 2.492200000 |
| Next Low | 2.484300000 |
| 2nd Low | 2.174300000 |
| 3rd Low | 1.429200000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Line Strike – Bearish