XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) moves from the ascending trendline downwards
A bearish movement down to the next support line at 1.995400000 is considered certain.
Caution: A possible change in the direction of the resistance level at 2.452200000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Last Engulfing Top’ candle pattern is existing. The chart forms ‘Last Engulfing Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.909200000 |
| 2nd High | 2.728100000 |
| Next High | 2.452200000 |
| Current Price | 2.442800000 |
| Next Low | 1.995400000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.429200000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Last Engulfing Top