XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the ascending trendline down.
The bearish trend down to the next support level at 1.995400000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 2.140400000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish 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 ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.197600000 |
| 2nd High | 2.152600000 |
| Next High | 2.140400000 |
| Current Price | 2.027300000 |
| Next Low | 1.995400000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.673900000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing