Additionally a ‘Falling Wedge Chart Pattern’ chart pattern is found. The chart picture shows ‘Falling Wedge Chart Pattern’. this is a bullish signal. The currency pair is likely to rise.
The combination Ripple/Tether (XRP/USDT) breaks through the descending trendline up.
An ascending movement up to the next resistance line at 2.329300000 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 2.278300000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.359300000 |
| 2nd High | 2.354300000 |
| Next High | 2.329300000 |
| Current Price | 2.323900000 |
| Next Low | 2.278300000 |
| 2nd Low | 2.260100000 |
| 3rd Low | 2.222300000 |
2.313000000 – 2.320100000 – 2.329300000 – 2.278300000 – 2.260100000 – 2.222300000