XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 2.114900000 will continue.
Caution: A possible change in the direction of the resistance zone at 2.207600000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bearish Belt Hold’ candlestick pattern is discovered. The candles show ‘Bearish Belt Hold’. 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 chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.317300000 |
| 2nd High | 2.237900000 |
| Next High | 2.207600000 |
| Current Price | 2.023900000 |
| Next Low | 2.114900000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.429200000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Belt Hold