Sell XRP/USDT – 30M – SELL

The combination Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards

A bearish movement down to the next support line at 1.429200000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Bearish Engulfing’ candlestick pattern is detected. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

Support & Resistance Price Range*
3rd High
2nd High
Next High
Current Price 1.677700000
Next Low 1.429200000
2nd Low 1.352400000
3rd Low 1.332700000

Download XRP/USDT Signal Image

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