XRP/USDT – 30M – SELLMoreover a ‘Double top chart pattern’ chart formation is discovered. The chart picture shows ‘Double top chart pattern’. this is a bearish pattern signal. The pair is likely to go down.
The currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards
The bearish trend downwards to the next support level at 2.998100000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 3.185600000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘RSI fall below 30’ indicator signal is detected. The indicator shows ‘RSI fall below 30’. this is usually a bearish chart signal. The currency pair could go down.
Moreover a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.578700000 |
| 2nd High | 3.330800000 |
| Next High | 3.185600000 |
| Current Price | 3.076300000 |
| Next Low | 2.998100000 |
| 2nd Low | 2.955500000 |
| 3rd Low | 2.877400000 |
3.185600000 – 3.330800000 – 3.238700000 – 3.078800000 – 3.163000000 – 3.156400000 — 37.287503929842 – 32.839931244005
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double top chart pattern –