Buy XRP/USDT – 1H – BUY

The currency pair Ripple/Tether (XRP/USDT) breaks through the bullish trendline upwards

A continuation of the uptrend upwards to the next resistance at 2.909200000 is considered certain.

Caution: A possible reversal of the trend in the direction of the support zone at 2.333300000 could occur.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 2.5872 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 2.909200000 could occur.
Consider stop-loss settings accordingly.

Additionally a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

Support & Resistance Price Range*
3rd High
2nd High
Next High 2.909200000
Current Price 2.688900000
Next Low 2.333300000
2nd Low 2.284000000
3rd Low 1.900000000

Download XRP/USDT Signal Image

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