XRP/USDT – 1H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The currency pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A bearish movement downwards to the next support at 1.1342 is expected.
Caution: A possible change in the direction of the resistance line at 1.156 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Engulfing’ candle chart pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.256 |
| 2nd High | 1.2251 |
| Next High | 1.156 |
| Current Price | 1.145000000 |
| Next Low | 1.1342 |
| 2nd Low | 1.1187 |
| 3rd Low | 1.1042 |
1.156 – 1.1551 – 1.2251 – 1.1342 – 1.1187 – 1.1329 —
1.150400000 – 1.147600000 —
51.796843029704 – 52.227786593872 —
– —
1.156 – 1781967600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –