XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support level at 2.130800000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 2.235600000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.728100000 |
| 2nd High | 2.293800000 |
| Next High | 2.235600000 |
| Current Price | 2.164800000 |
| Next Low | 2.130800000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.673900000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing