XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 2.213800000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 2.266500000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Bearish Engulfing’ chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency 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 | 2.293800000 |
| 2nd High | 2.278900000 |
| Next High | 2.266500000 |
| Current Price | 2.233700000 |
| Next Low | 2.213800000 |
| 2nd Low | 2.133400000 |
| 3rd Low | 2.130800000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing