XRP/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The currency pair Ripple/Tether (XRP/USDT) goes from the bullish trendline downwards
A bearish descent down to the next support level at 2.811000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 2.865400000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Last Engulfing Top’ candle chart pattern is detected. The chart shows ‘Last Engulfing Top’. which is a negative pattern 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’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.922700000 |
| 2nd High | 2.869300000 |
| Next High | 2.865400000 |
| Current Price | 2.865200000 |
| Next Low | 2.811000000 |
| 2nd Low | 2.762000000 |
| 3rd Low | 2.697500000 |
2.865400000 – 2.845500000 – 2.832900000 – 2.811000000 – 2.762000000 – 2.697500000 — 63.796805155112 – 59.07290529391
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –