XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the bullish trendline down.
The bearish trend down to the next support level at 2.257200000 will persist.
Caution: A possible change in the direction of resistance at 2.468300000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Tweezers Top’ candle pattern is detected. The chart forms ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.728100000 |
| 2nd High | 2.474300000 |
| Next High | 2.468300000 |
| Current Price | 2.306900000 |
| Next Low | 2.257200000 |
| 2nd Low | 1.995400000 |
| 3rd Low | 1.900000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Tweezers Top