Open:
High:
Low:
Close:
DESCENDING CHANNEL
Ripple
XRP/USD
4H
It seems like the price establishes a descending channel.
A descending channel suggests a price action indicator that can be used to identify extending an uptrend in case if price breaks out to the the upside.
A bullish run to 1.38 about to be made on impulse above 1.37.
DESCENDING CHANNEL
Ripple
XRP/USD
4H
A descending channel turns up and xrpusd calls for next bigger rise to confirm a breakout.
If price breaks through the resistance, the resulting move could indicate extending an uptrend.
Xrpusd to push up to the 1.38 level on a breakout of the descending channel as the cryptocurrency challenges 1.36 hurdle.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
A descending channel is almost completed and the price is ready to break out now.
A descending channel is said to depict a chart formation that can be used to identify a bullish price move when price breaks through the resistance.
A rangebound to 1.36 stays on the cards on a breakout of the descending channel.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
As we can see a descending channel is almost completed.
A descending channel typically signals a further move up once price breaks out to the the upside.
Xrpusd looks north to 1.34 once beyond 1.33 as the mood may improve.
DESCENDING TRIANGLE
Ripple
XRP/USD
4H
A descending triangle has been identified, the price is about to break out soon.
In case if price breaks below support, the resulting move could identify that the price to go down.
A bearish run towards 1.34 about to be made once below 1.35.
SYMMETRICAL TRIANGLE
Ripple
XRP/USD
1H
A symmetrical triangle is distinguished and the price is ready to break out.
A symmetrical triangle is believed to be a bearish price indicator that results in an extension in the downward direction if price breaks out.
Xrpusd to resume its downfall towards 1.355 while below 1.36.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
There is a descending channel materializing, the price is about to break out.
A descending channel provides a price action formation that identifies a tendency to break in the opposite direction if price breaks out.
There is a possibility of a bullish run towards the 1.385 zone on a breakout of the descending channel.
RECTANGLE
Ripple
XRP/USD
1H
We can see that a rectangle is noticed.
A rectangle is considered to be a technical chart signal that is used to spot an extension in the downward direction when price breaks through the support.
A move to the 1.36 mark is about to happen as bearish momentum increases.
RISING WEDGE
Ripple
XRP/USD
1H
There is a rising wedge poping up, the price wants a further move as an information of a breakout.
A rising wedge tends to be a signal that is used to identify a trend change to the downside if price breaks through the support.
A bearish move towards the 1.36 zone looks possible as the cryptocurrency is at a brink of a bearish breakout.
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