XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the bullish trendline down.
The bearish trend down to the next support line at 2.250000000 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 2.680000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.909200000 |
| 2nd High | 2.688900000 |
| Next High | 2.680000000 |
| Current Price | 2.395200000 |
| Next Low | 2.250000000 |
| 2nd Low | 1.673900000 |
| 3rd Low | 1.429200000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing