XRP/USDT – 1H – SELLIn addition a ‘Double top chart pattern’ chart formation is found. The chart forms ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Ripple/Tether (XRP/USDT) moves from the bullish trendline down.
A bearish descent down to the next support at 2.935700000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 3.066900000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.351200000 |
| 2nd High | 3.185800000 |
| Next High | 3.066900000 |
| Current Price | 3.006000000 |
| Next Low | 2.935700000 |
| 2nd Low | 2.933700000 |
| 3rd Low | 2.792700000 |
3.066900000 – 3.185800000 – 3.137600000 – 3.009900000 – 3.018000000 – 2.935700000 — 49.605244158238 – 44.967313372281
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double top chart pattern – –