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DESCENDING CHANNEL
Ripple
XRP/USD
1H
It seems like xrpusd develops a descending channel, the price is ready to break out.
A descending channel identifies a reliable price action indicator that can be used to predict a bullish move if price breaks out.
Xrpusd could attempt a move to the 1.13 zone on a breakout of the descending channel.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
It looks like the price establishes a descending channel.
Once price breaks through the resistance, the move could identify a next move up.
It is not ruled out that a bullish run to the 1.14 zone will happen on a breach of 1.12.
BULLISH FLAG
Ripple
XRP/USD
1H
As we can see a bullish flag is exposed and the price is close to breaking out now.
If price breaks out to the the upside, the resulting move could identify a temporary interruption during a falling market.
Xrpusd hints a change to the upside towards 1.14 on impulse above 1.13.
RECTANGLE
Ripple
XRP/USD
1H
It seems like a rectangle is very close to being completed and the price is close to breaking out.
A rectangle typically identifies extending an downtrend when price breaks out to the the downside.
It is likely that a bearish push down to the 1.11 zone will form.
ASCENDING TRIANGLE
Ripple
XRP/USD
4H
There is an ascending triangle happening and the price is about to break out now.
Once price breaks below support, the move could indicate a move down.
Xrpusd looks for a setback to the 1.12 level.
ASCENDING CHANNEL
Ripple
XRP/USD
1H
An ascending channel is nearing completion, xrpusd expects a further steady move to confirm a breakout.
An ascending channel predicts a bearish price move if price breaks down.
Xrpusd set to fall to the 1.15 level.
RISING WEDGE
Ripple
XRP/USD
1H
There is a rising wedge emerging and the price is about to break out now.
A rising wedge typically identifies the more likely potential of falling prices when price collapses through the support line.
Further decline towards 1.15 is about to happen once below 1.15.
RISING WEDGE
Ripple
XRP/USD
1H
As we can see a rising wedge is close to being complete.
A rising wedge spots a next move down once price breaks down.
Xrpusd to extend the correction lower towards the 1.12 level on a breach of 1.135.
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 represents a specific formation that often indicates that the price to go down in case if price breaks out to the the downside.
Xrpusd set to lose more ground to the 1.1 zone while below 1.125 as xrpusd becomes under pressure.
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