It seems like an ascending channel is exposed.
An ascending channel tends to be a bearish indicator that identifies a pause in an uptrending market once price breaks down.
XRP/USD accelerates losses to 0.615 as indicators turn bearish.
Ripple: Ascending Triangle
XRP/USD,
1 hour
SHORT
Jan 5
There is an ascending triangle materializing and the price lacks a further bigger move for the certainty of breakdown.
Once price breaks below support, the move could identify a next move down.
XRP/USD to drop to the 0.57 mark on a breach of 0.576 as upside pressure alleviates.
Ripple: Ascending Channel
XRP/USD,
1 hour
SHORT
Oct 7
It seems like an ascending channel pops up and the price expects a more steady move as proof of a breakout.
If price breaks down, the move could signal an interruption of an uptrend.
XRP/USD targets a move to 0.532 on a breakout of the ascending channel as there is a chance of further weakness.
Ripple: Ascending Channel
XRP/USD,
1 hour
SHORT
2 days ago
The price forms an ascending channel.
An ascending channel describes a bearish chart indicator that typically predicts that the price to go short when price breaks below support.
XRP/USD to extend the fall towards the 1.05 zone on a breach of 1.1.
Ripple: Descending Channel
XRP/USD,
1 hour
SHORT
Jun 6
There is a descending channel happening, XRP/USD requires a further strong move as an indication of a breakdown.
Once price collapses through the support line, the move could predict a move down.
XRP/USD to move downward towards the 0.522 zone as XRP/USD probes 0.5245 hurdle.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Apr 8
Ripple: Ascending Triangle
XRP/USD,
1 hour
SHORT
Mar 14
It looks like XRP/USD creates an ascending triangle.
When price breaks out, the move could identify a next move down.
There is a possibility of a bearish move to 0.67 as minor hurdle remains at 0.676.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
May 16
A descending channel develops and the price demands a next active move for clear breakout confirmation.
A descending channel tends to be a specific chart pattern that can be used to identify a next move up when price breaks through the resistance.
XRP/USD to head towards 0.426.
Ripple: Bullish Flag
XRP/USD,
1 hour
LONG
Jun 27
We can see that a bullish flag has been encountered.
A bullish flag can be thought of as a pattern with a downward bias that signals the bears have run out of steam once price breaks above resistance.
It is likely that a bullish price action to the 0.472 zone will form on a upside break.
Ripple: Symmetrical Triangle
XRP/USD,
4 hours
LONG
Mar 12
A symmetrical triangle is identified and XRP/USD requires a move as a verification of a breakout.
A symmetrical triangle can be thought of as a useful bullish chart signal that can be used to indicate the bears have run out of steam in case if price breaks out.
XRP/USD to enjoy a considerable gain to the 0.63 mark on a break above 0.626.
Ripple: Rectangle
XRP/USD,
1 hour
SHORT
Oct 8
There is a rectangle observed and the price is ready to break out now.
A rectangle provides a useful indicator that is used to identify that the price to go short once price breaks out.
XRP/USD opens door for a move towards 0.518.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Oct 13
A descending channel has been identified, XRP/USD demands a next strong move to confirm a breakout.
A descending channel can be thought of as a compelling bullish chart indicator that is used to identify an extension in the upward direction in case if price breaks out.
It is not ruled out that a bullish run to the 0.535 mark will occur on a breakout of the descending channel as uptrend may continue.
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Ripple · XRP/USD