It seems like a descending channel is detected, the price is going to break out.
A descending channel is believed to be a compelling bullish price indicator that is used to signal a break in the price direction in case if price breaks out to the the upside.
XRP/USD risks a move to the 0.54 zone on a breakout of the descending channel.
Ripple: Pennant
XRP/USD,
1 hour
SHORT
Apr 12
The price builds a pennant.
A pennant often indicates a next move down once price breaks below support.
XRP/USD turns bearish to the 0.605 zone on a breach of 0.608.
Ripple: Rectangle
XRP/USD,
1 hour
LONG
Oct 15
A rectangle is almost completed, the price is going to break out.
A rectangle depicts a bullish formation that is used to identify extending an uptrend if price breaks above resistance.
XRP/USD to look for a further push to 0.489 on a breach of 0.488 as the mood may improve.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Nov 5
We can see that the price gives a descending channel and XRP/USD requests a further steady move for clear breakout confirmation.
A descending channel suggests a specific chart formation with a downward bias that is used to signal a further move up if price breaks out to the the upside.
A bullish run towards the 0.63 zone looks probable.
Ripple: Ascending Triangle
XRP/USD,
4 hours
LONG
Aug 18
It looks like an ascending triangle is close to being done.
When price breaks above resistance, the resulting move could spot extending an uptrend.
XRP/USD targets a move to 0.485 on a break above 0.48.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Mar 21
As we can see a descending channel is spotted.
A descending channel often predicts a pause in a downtrending market when price breaks out.
XRP/USD to grind higher to 0.39 once above 0.384 as the cryptocurrency becomes supported.
Ripple: Ascending Triangle
XRP/USD,
1 hour
LONG
Aug 7
An ascending triangle appears.
An ascending triangle results in extending an uptrend in case if price breaks out to the the upside.
It is not ruled out that a bullish move to 0.52 will occur on a upside break as weakness seen overdone.
Ripple: Descending Triangle
XRP/USD,
1 hour
LONG
Dec 24
It seems like a descending triangle is uncovered and the price is ready to break out.
A descending triangle denotes a bullish chart signal that can be used to signal a next move up once price breaks above resistance.
There is a chance of a bullish continuation to 0.622 on impulse above 0.622.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Jan 10
It seems like a descending channel has been noticed.
When price breaks out to the the upside, the move could signal that the price to go up.
It is not ruled out that a further move to the 0.575 mark will form on a breach of 0.57.
Ripple: Ascending Triangle
XRP/USD,
4 hours
SHORT
Apr 11
There is an ascending triangle uncovered, XRP/USD expects further steady fall as an information of a breakout.
An ascending triangle suggests a compelling bearish chart signal that is used to predict prices are likely to keep falling downward in case if price breaks out.
It is likely that a bearish move to 0.6 will be made amid rising bets for the move.
Ripple: Bearish Flag
XRP/USD,
4 hours
SHORT
Apr 17
A bearish flag takes place, the price asks for a more active move to confirm bearish flag breakdown.
A bearish flag suggests a compelling signal that can be used to identify a bullish-to-bearish trend reversal when price collapses through the support line.
XRP/USD to slide to 0.5 on a breakout of the bearish flag.
Ripple: Falling Wedge
XRP/USD,
1 hour
LONG
34 hours ago
It seems like a falling wedge comes out, the price breaks out now.
Once price breaks out to the the upside, the move could indicate a bullish price move.
XRP/USD to strengthen towards 1.12 once beyond 1.105 amid rising bets for the move.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.