XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the descending trendline downwards
A continuation of the downward movement down to the next support line at 2.133400000 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 2.350700000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Line Strike – Bearish’ candle pattern is existing. The chart forms ‘Three Line Strike – Bearish’. 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 ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.909200000 |
| 2nd High | 2.728100000 |
| Next High | 2.350700000 |
| Current Price | 2.271400000 |
| Next Low | 2.133400000 |
| 2nd Low | 2.130800000 |
| 3rd Low | 1.900000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Line Strike – Bearish