Buy XRP/USDT – 1H – BUY

There is also a ‘Falling Wedge Chart Pattern’ chart formation is found. The chart forms ‘Falling Wedge Chart Pattern’. which is a bullish chart scenario. The currency pair is likely to go up.

The combination Ripple/Tether (XRP/USDT) breaks through the descending trendline up.

The bullish trend up to the next resistance level at 2.337000000 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 2.118100000 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 2.22315 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 2.337000000 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 2.354300000
2nd High 2.337900000
Next High 2.337000000
Current Price 2.168800000
Next Low 2.118100000
2nd Low 2.109300000
3rd Low 2.092400000

2.337000000 – 2.175900000 – 2.180100000 – 2.118100000 – 2.141700000 – 2.140700000

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