XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A descending movement downwards to the next support level at 1.074700000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.148000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. 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 success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.186500000 |
| 2nd High | 1.175800000 |
| Next High | 1.148000000 |
| Current Price | 1.097300000 |
| Next Low | 1.074700000 |
| 2nd Low | 1.031500000 |
| 3rd Low | 1.002600000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing