The combination Ripple/Tether (XRP/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 2.760400000 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 2.834900000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.026300000 |
| 2nd High | 2.922700000 |
| Next High | 2.834900000 |
| Current Price | 2.803900000 |
| Next Low | 2.760400000 |
| 2nd Low | 2.662900000 |
| 3rd Low | 2.659600000 |
2.834900000 – 2.922700000 – 3.026300000 – 2.760400000 – 2.943200000 – 2.953000000 — 45.721931653909 – 43.060217335462
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double bottom retreat down – –