XRP/USDT – 1H – BUY

Next a ‘Falling Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Falling Wedge Chart Pattern’. which is a positive signal. The currency pair is likely to go up.

The pair Ripple/Tether (XRP/USDT) breaks through the descending trendline upwards

The bullish trend upwards to the next resistance at 2.337000000 will continue.

Caution: A possible trend reversal in the direction of the support zone at 2.141700000 should be noted.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 2.22315 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 2.337000000 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

2.337000000 – 2.175900000 – 2.180100000 – 2.141700000 – 2.140700000 – 2.109300000

Trading Signals: FOREX – XRP – XRP/USDT – USDT – Northern Doji