Buy XRP/USDT – 1H – BUY

The currency pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline downwards

A bearish descent down to the next support level at 2.114900000 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 2.207600000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Matching Low’ chart pattern is discovered. The candles form ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

Support & Resistance Price Range*
3rd High 2.317300000
2nd High 2.237900000
Next High 2.207600000
Current Price 2.143200000
Next Low 2.114900000
2nd Low 1.900000000
3rd Low 1.429200000

Download XRP/USDT Signal Image

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