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DESCENDING CHANNEL
Ripple
XRP/USD
1H
As we can see a descending channel has been discovered and xrpusd requests more rise to confirm descending channel breakout.
A descending channel tends to be a reliable bullish indicator that can be used to predict that prices are likely to keep rallying upward if price breaks out to the the upside.
There is a chance of a bullish price action to the 1.5 mark.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
A descending channel has been determined and xrpusd lacks more steady rise to confirm a breakout.
A descending channel tends to be a reliable price pattern that has a downward slope that is used to predict that the price to go up once price breaks out to the the upside.
It is not ruled out that a rangebound towards the 1.48 level will occur.
RECTANGLE
Ripple
XRP/USD
1H
There is a rectangle emerging.
A rectangle often signals the bulls have run out of steam once price collapses through the support line.
Xrpusd opens door for a move towards 1.44 on a breach of 1.45 as the cryptocurrency nears 1.45 hurdle.
BEARISH FLAG
Ripple
XRP/USD
1H
A bearish flag forms and xrpusd wants a bigger bearish impulse to confirm bearish flag breakdown.
A bearish flag represents a useful bearish indicator that often spots that prices move counter to the prevailing price trend when price collapses through the support line.
A further rangebound towards the 1.47 mark looks possible on impulse below 1.48 as xrpusd challenges 1.48 hurdle.
ASCENDING CHANNEL
Ripple
XRP/USD
4H
It seems like an ascending channel is noticed, xrpusd asks for a more move as an indication of a breakout.
When price collapses through the support line, the resulting move could indicate a move down.
Xrpusd looks south to the 1.45 level.
SYMMETRICAL TRIANGLE
Ripple
XRP/USD
1H
There is a symmetrical triangle recognized, the price is ready to break out now.
Once price breaks through the resistance, the resulting move could spot a bullish price action.
A bullish push up to the 1.5 mark is likely on a break above 1.485 as bulls looking for profit.
RISING WEDGE
Ripple
XRP/USD
1H
There is a rising wedge taking place, the price is going to break out.
A rising wedge can be thought of as a reliable bearish signal that is used to indicate a move down once price breaks down.
There is a chance of decline towards the 1.5 level.
RECTANGLE
Ripple
XRP/USD
4H
A rectangle has been exposed and the price is close to breaking out.
A rectangle often signals a further move up when price breaks out.
Xrpusd aims to complete a retracement towards 1.5.
ASCENDING CHANNEL
Ripple
XRP/USD
1H
There is an ascending channel poping up and the price is ready to break out now.
An ascending channel describes a useful formation with an upward bias that typically predicts extending an downtrend if price breaks through the support.
There is a probability of a rangebound to 1.4 on a break below 1.405.
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