The currency pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline upwards
A bullish movement up to the next resistance at 2.974400000 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 2.822300000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Belt Hold’ candlestick pattern is detected. The candles show ‘Bullish Belt Hold’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.128000000 |
| 2nd High | 3.053500000 |
| Next High | 2.974400000 |
| Current Price | 2.891700000 |
| Next Low | 2.822300000 |
| 2nd Low | 2.782600000 |
| 3rd Low | 2.763700000 |
2.974400000 – 3.053500000 – 3.128000000 – 2.822300000 – 2.919300000 – 2.973600000 — 45.365627328172 – 47.971399567994
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Belt Hold – Triple top chart pattern – –