Does the Bearish Engulfing work on XRP?

On XRP's daily chart, after a bearish engulfing XRP fell within 7 days 49% of the time across 138 past cases. On an ordinary day it did so 53% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On XRPNo edge
49% of 138 casesbaseline 53%
All coinsNo edge
55% of 15,763 casesbaseline 54%
Median move after the pattern -0.28% vs +0.63% from any bar; after a 0.2% round trip of fees -0.48%.

Daily chart

WithinXRPOrdinary barCasesAll coinsVerdict
24 hours41% (35%–49%)50%18150% vs 51%Leans opposite
30 days56% (44%–67%)55%6657% vs 58%No edge
7 days49% (40%–57%)53%13855% vs 54%No edge

4-hour chart

WithinXRPOrdinary barCasesAll coinsVerdict
24 hours49% (45%–53%)51%67748% vs 50%No edge
7 days51% (45%–57%)52%25351% vs 51%No edge

1-hour chart

WithinXRPOrdinary barCasesAll coinsVerdict
24 hours51% (48%–54%)51%84349% vs 50%No edge
4 hours49% (47%–51%)50%168947% vs 49%No edge

How this is measured: each occurrence is counted from the bar where the pattern became knowable, overlapping cases are dropped, and the result is compared with how often XRP moved the same way from any random bar over the same window. A pattern only earns "beat the baseline" when the difference is larger than luck explains across all the tests we run. Full method.

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