XRP/USDT – 1H – BUYThe pair Ripple/Tether (XRP/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 0.847300000 will continue.
Caution: A possible change in the direction of the support zone at 0.562400000 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Bullish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bullish Engulfing’. 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 Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.847300000 |
| Current Price | 0.918300000 |
| Next Low | 0.562400000 |
| 2nd Low | 0.543600000 |
| 3rd Low | 0.495700000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Engulfing