XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A bearish trend downwards to the next support line at 1.995400000 will persist.
Caution: A possible change in the direction of the resistance line at 2.452200000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Last Engulfing Top’ candlestick pattern is existing. The chart shows ‘Last Engulfing Top’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.909200000 |
| 2nd High | 2.728100000 |
| Next High | 2.452200000 |
| Current Price | 2.442800000 |
| Next Low | 1.995400000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.429200000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Last Engulfing Top