The pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline down.
A descent downwards to the next support at 2.965200000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 2.996100000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.139700000 |
| 2nd High | 3.009100000 |
| Next High | 2.996100000 |
| Current Price | 2.972600000 |
| Next Low | 2.965200000 |
| 2nd Low | 2.964200000 |
| 3rd Low | 2.953200000 |
2.996100000 – 3.009100000 – 3.139700000 – 2.965200000 – 2.978400000 – 3.023200000 — 43.061397434275 – 42.113344801683