XRP/USDT – 1H – BUYThe currency pair Ripple/Tether (XRP/USDT) moves from the descending trendline downwards
A continuation of the downtrend down to the next support line at 2.200100000 is expected.
Caution: A possible change in the direction of the resistance line at 2.398600000 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Bullish Belt Hold’ chart pattern is existing. The chart shows ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.474300000 |
| 2nd High | 2.468300000 |
| Next High | 2.398600000 |
| Current Price | 2.274000000 |
| Next Low | 2.200100000 |
| 2nd Low | 1.995400000 |
| 3rd Low | 1.900000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Belt Hold