It seems like a rectangle materializes and XRP/USD expects a next active bearish move as proof of a breakdown.
A rectangle denotes a specific bearish indicator that is used to predict a next move down once price breaks out.
XRP/USD set to accelerate its decline to 0.615 on a breakdown of the rectangle.
Ripple: Bullish Flag
XRP/USD,
1 day
LONG
Feb 20
There is a bullish flag poping up.
A bullish flag provides a reliable bullish formation that can be used to spot a further move up once price breaks out.
A bullish run towards 3 stays on the cards on a breach of 2.8 as there is a chance for a upside correction.
Ripple: Descending Channel
XRP/USD,
4 hours
LONG
Mar 19
A descending channel is very close to being completed.
A descending channel is believed to be a useful chart indicator that indicates a break during a downtrending market when price breaks through the resistance.
A move to 0.66 is about to happen as there is room for a upside correction.
Ripple: Rising Wedge
XRP/USD,
4 hours
SHORT
May 6
A rising wedge occurs, the price requests a bigger move as a verification of a breakdown.
A rising wedge is a useful price action pattern that has an upward slope that can be used to indicate a breakdown is likely to occur when price breaks below support.
It is not ruled out that further decline towards 0.455 will happen.
Ripple: Rectangle
XRP/USD,
1 hour
LONG
Oct 23
There is a rectangle uncovered, the price breaks out now.
A rectangle describes a technical bullish price action formation that can be used to signal a bullish price action in case if price breaks out to the the upside.
It is not ruled out that a move towards the 0.53 zone will take place on a breakout of the rectangle.
Ripple: Descending Triangle
XRP/USD,
1 hour
LONG
Nov 28
There is a descending triangle coming out and the price is close to breaking out soon.
In case if price breaks out, the move could signal a move up.
It is not ruled out that a bullish price action to 1.48 will be made.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Mar 28
The price gives a descending channel, the price lacks a bigger move as proof of a breakout.
A descending channel is a reliable bullish chart formation that has a downward slope that identifies a move up if price breaks through the resistance.
XRP/USD targets a move towards the 0.615 zone as the wind continues blowing in favor of XRP/USD.
Ripple: Symmetrical Triangle
XRP/USD,
1 hour
SHORT
Feb 27
As we can see a symmetrical triangle takes place and the price breaks out soon.
A symmetrical triangle identifies a specific bearish price pattern that can be used to identify extending an downtrend once price breaks below support.
XRP/USD targets a move towards 2.15 on a breach of 2.2.
Ripple: Ascending Channel
XRP/USD,
4 hours
SHORT
Jan 3
There is an ascending channel recognized, the price is going to break out.
In case if price breaks through the support, the resulting move could spot prices are likely to keep falling downward.
It is possible that corrective downside towards 0.61 will form.
Ripple: Descending Channel
XRP/USD,
1 day
LONG
Oct 24
We can see that a descending channel appears, XRP/USD expects a bigger move as proof of a breakout.
A descending channel provides a specific bullish chart formation that can be used to indicate a next move up in case if price breaks out.
A bullish run towards 0.56 looks possible on a breakout of the descending channel.
Ripple: Rising Wedge
XRP/USD,
1 hour
SHORT
Oct 15
A rising wedge is almost done, XRP/USD needs an active correction as a verification of a breakdown.
A rising wedge suggests a specific chart formation that is used to indicate a change in the prevailing trend if price breaks through the support.
It is not ruled out that a bearish move to the 0.486 level will form on a breach of 0.4864.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Jun 2
We can see that the price forms a descending channel, XRP/USD asks for a next impulse up to confirm descending channel breakout.
A descending channel is a reliable pattern that can be used to indicate a break during a downtrending market in case if price breaks out to the the upside.
A further bullish move towards the 0.52 zone is possible on a upside break as outlook for the cryptocurrency stays positive.
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Ripple · XRP/USD