XRP/USDT – 30M – SELLAnd also a ‘Double top retreat up’ chart formation is found. The chart shows ‘Double top retreat up’. which is a bullish pattern signal. The pair is likely to go up.
The currency pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A descending movement downwards to the next support at 2.207700000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 2.243300000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Below The Stomach’ candlestick chart pattern is existing. The candles show ‘Below The Stomach’. this 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 ‘Below The Stomach’ going down is 60% (Bull Market) & 65% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.327100000 |
| 2nd High | 2.313500000 |
| Next High | 2.243300000 |
| Current Price | 2.209100000 |
| Next Low | 2.207700000 |
| 2nd Low | 2.165000000 |
| 3rd Low | 2.078200000 |
2.243300000 – 2.313500000 – 2.327100000 – 2.207700000 – 2.239000000 – 2.223900000
Trading Signals: FOREX – XRP – XRP/USDT – USDT – Below The Stomach – Double top retreat up