It seems like an ascending channel appears, the price demands a more bigger move as an indication of a breakdown.
In case if price collapses through the support line, the resulting move could spot a further move down.
It is not ruled out that corrective downside to 0.61 will happen as gains remain capped.
Ripple: Ascending Channel
XRP/USD,
4 hours
SHORT
Aug 1
An ascending channel is distinguished.
An ascending channel often signals the more likely potential of falling prices if price breakdown occurs.
There is a possibility of extra downside towards the 0.58 zone.
Ripple: Pennant
XRP/USD,
1 hour
LONG
Nov 21
There is a pennant uncovered and the price calls for an active move as evidence of a breakout.
A pennant can be thought of as an indicator that indicates a bullish price action when price breaks above resistance.
It is likely that a rangebound towards the 1.14 zone will occur on a break above 1.115 as indicators turn bullish.
Ripple: Ascending Triangle
XRP/USD,
1 hour
LONG
Nov 21
There is an ascending triangle taking place.
An ascending triangle spots an extension in the upward direction if price breaks through the resistance.
XRP/USD turns higher to 1.16 on a break above 1.135.
Ripple: Rising Wedge
XRP/USD,
4 hours
SHORT
Jul 3
There is a rising wedge revealed, the price expects a strong move to confirm a breakout.
A rising wedge depicts a compelling price action indicator that typically signals a sharp decline once price breaks below support.
XRP/USD tests a move towards 0.475 as there is a chance of further weakness.
Ripple: Ascending Triangle
XRP/USD,
1 hour
SHORT
Nov 9
It seems like the price sets up an ascending triangle.
An ascending triangle often signals that the price to go short if price breaks out.
XRP/USD tests a move to 0.68.
Ripple: Rising Wedge
XRP/USD,
1 hour
SHORT
Jun 28
A rising wedge emerges and the price is breaking out.
A rising wedge is said to depict a compelling indicator that can be used to predict the more likely potential of falling prices once price breaks out to the the downside.
XRP/USD does not rule out a move to 0.48 on a downside break as risk reversal sheds bullish bias.
Ripple: Rectangle
XRP/USD,
4 hours
LONG
Dec 25
There is a rectangle spotted, the price breaks out soon.
If price breaks through the resistance, the resulting move could indicate the more likely potential of rising prices.
It is likely that a move towards 0.63 will occur on a break above 0.626 as the cryptocurrency is at a brink of a bullish breakout.
Ripple: Ascending Triangle
XRP/USD,
1 hour
SHORT
Oct 13
As we can see an ascending triangle happens.
An ascending triangle denotes a bearish pattern that has an upward slope that can be used to signal price heading to a new direction when price breakdown occurs.
There is a probability of a move to the 0.536 mark as door open for the continuation of the downtrend.
Ripple: Descending Channel
XRP/USD,
4 hours
LONG
Feb 26
There is a descending channel developing, the price breaks out.
Once price breaks through the resistance, the resulting move could signal a bullish move.
It is possible that a bullish push up towards 0.55 will take place on a breach of 0.546 as minor hurdle remains at 0.546.
Ripple: Descending Triangle
XRP/USD,
1 hour
LONG
May 6
As we can see XRP/USD sets up a descending triangle, XRP/USD expects a further active bullish action as proof of a breakout.
A descending triangle is said to depict a signal that can be used to identify a further move up if price breaks above resistance.
It is likely that a bullish run to 0.535 will be made.
Ripple: Ascending Channel
XRP/USD,
1 hour
SHORT
Dec 3
An ascending channel is very close to being finished and the price is ready to break out.
An ascending channel is a useful bearish chart indicator that results in an extension in the downward direction when price collapses through the support line.
A bearish continuation to the 0.615 zone is on the cards on a breakout of the ascending channel as bearish momentum increases.
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Ripple · XRP/USD