XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 2.278400000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 2.350700000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Engulfing’ chart pattern is existing. 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 probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.909200000 |
| 2nd High | 2.728100000 |
| Next High | 2.350700000 |
| Current Price | 2.271400000 |
| Next Low | 2.278400000 |
| 2nd Low | 2.223200000 |
| 3rd Low | 2.213800000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing