XRP/USDT – 1H – BUYThe combination Ripple/Tether (XRP/USDT) goes from the ascending trendline down.
The bearish trend down to the next support level at 2.114900000 will continue.
Caution: A possible change in the direction of resistance at 2.237900000 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Inverted Hammer’ candle pattern is existing. The chart forms ‘Inverted Hammer’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.332500000 |
| 2nd High | 2.317300000 |
| Next High | 2.237900000 |
| Current Price | 2.189800000 |
| Next Low | 2.114900000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.429200000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Inverted Hammer