XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 2.250000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 2.688900000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 2.909200000 |
| Next High | 2.688900000 |
| Current Price | 2.532500000 |
| Next Low | 2.250000000 |
| 2nd Low | 1.673900000 |
| 3rd Low | 1.429200000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing