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BEARISH FLAG
Ripple
XRP/USD
1H
There is a bearish flag poping up and the price wants further fall for clear breakout confirmation.
If price breaks out, the move could signal a further move down.
There is a possibility of a bearish push down towards 2 while lower than 2.015.
BEARISH FLAG
Ripple
XRP/USD
1H
There is a bearish flag emerging, the price expects a further active move to confirm a breakout.
A bearish flag represents a useful bearish chart indicator that typically spots an upward trend is about to reverse into an downward trend when price collapses through the support line.
It is likely that decline to 2.02 will occur on impulse below 2.035.
FALLING WEDGE
Ripple
XRP/USD
1H
It seems like a falling wedge takes place, xrpusd expects a next impulse up as proof of a breakout.
A falling wedge tends to be a compelling bullish chart pattern that is angled down that identifies a sharp rise once price breaks through the resistance.
It is not ruled out that a bullish run towards 2.06 will take place as downside pressure mitigates.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
As we can see a descending channel is close to being completed.
Once price breaks out, the move could spot a trend change to the upside.
Xrpusd to maintain its positive tone to 2.04 on a breakout of the descending channel as the cryptocurrency is at a brink of a bullish breakout.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
There is a descending channel uncovered and the price requires a more move to confirm descending channel breakout.
Once price breaks out to the the upside, the resulting move could spot that prices move counter to the prevailing price trend.
A move towards 2.02 is likely to happen on impulse above 2.01.
RECTANGLE
Ripple
XRP/USD
4H
There is a rectangle emerging, the price is ready to break out now.
A rectangle can be thought of as a specific price action signal that identifies that the price to go short in case if price collapses through the support line.
Xrpusd challenges a move to 2 on a breakout of the rectangle as the cryptocurrency becomes depressed.
PENNANT
Ripple
XRP/USD
1D
A pennant is close to completion and xrpusd expects a steady bearish impulse as a verification of a breakout.
A pennant often indicates a bearish move in case if price breakdown occurs.
Xrpusd to head towards 1.8.
DESCENDING TRIANGLE
Ripple
XRP/USD
1H
It seems like a descending triangle emerges and the price is going to break out.
A descending triangle tends to be a technical bullish price action indicator that is used to indicate a sharp rise once price breaks out to the the upside.
A bullish run towards the 2.08 mark is a possibility as xrpusd becomes bullish.
ASCENDING TRIANGLE
Ripple
XRP/USD
1H
As we can see an ascending triangle is uncovered, the price is breaking out.
An ascending triangle describes a technical bearish chart pattern that often predicts the more likely potential of falling prices in case if price breaks out.
It is likely that a bearish continuation to the 2.06 mark will form.
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