XRP/USDT – 4H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support level at 2.284000000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 2.728100000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles form ‘Bearish Engulfing’. which 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’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 2.909200000 |
| Next High | 2.728100000 |
| Current Price | 2.201900000 |
| Next Low | 2.284000000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.283300000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing