XRP/USDT – 30M – BUY

The pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline down.

A bearish descent downwards to the next support at 2.257700000 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 2.377000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Advance Block’ candle chart pattern is existing. The chart forms ‘Advance Block’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).

Download XRP/USDT Signal Image

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Advance Block