The currency pair Ripple/Tether (XRP/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support line at 1.3901 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 1.4573 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.
Moreover a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51 |
| 2nd High | 1.4626 |
| Next High | 1.4573 |
| Current Price | 1.393400000 |
| Next Low | 1.3901 |
| 2nd Low | 1.3829 |
| 3rd Low | 1.3814 |
1.4573 – 1.4209 – 1.4003 – 1.4035 – 1.4133 – 1.3901 —
1.414500000 – 1.415000000 —
41.561356318715 – 47.270675802086 —
– —
1.4573 – 1778065200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – – Rising Wedge Chart Pattern – –