There is also a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The pair Ripple/Tether (XRP/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support line at 1.4195 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.45 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.
There is also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
There is also a ‘Two Crows’ candlestick pattern is detected. The candles form ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.5414 |
| 2nd High | 1.51 |
| Next High | 1.45 |
| Current Price | 1.428500000 |
| Next Low | 1.4195 |
| 2nd Low | 1.4089 |
| 3rd Low | 1.3954 |
1.45 – 1.4369 – 1.4326 – 1.4195 – 1.4089 – 1.3954 —
1.441100000 – 1.432900000 —
54.706734071966 – 48.223455972923 —
– —
1.45 – 1776760200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –