XRP/USDT – 1H – SELLAnd also a ‘Double top chart pattern’ chart pattern is discovered. The formation shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to go down.
The pair Ripple/Tether (XRP/USDT) goes from the bullish trendline downwards
A descending movement downwards to the next support level at 3.156400000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 3.330800000 should be noted.
Consider stop-loss settings accordingly.
And also a ‘RSI fall below 30’ indicator layout is existing. The indicator shows ‘RSI fall below 30’. this is usually a bearish chart scenario. The currency pair could go down.
And also a ‘Last Engulfing Top’ candlestick chart pattern is discovered. The candles form ‘Last Engulfing Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.649500000 |
| 2nd High | 3.578700000 |
| Next High | 3.330800000 |
| Current Price | 3.157700000 |
| Next Low | 3.156400000 |
| 2nd Low | 2.998100000 |
| 3rd Low | 2.955500000 |
3.330800000 – 3.238700000 – 3.218100000 – 3.163000000 – 3.156400000 – 2.998100000 — 38.023455608287 – 35.803806297733
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Last Engulfing Top – Double top chart pattern –