Open:
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Low:
Close:
ASCENDING TRIANGLE
Ripple
XRP/USD
1H
There is an ascending triangle encountered, the price is ready to break out.
An ascending triangle identifies the more likely potential of falling prices once price breaks out to the the downside.
It is not ruled out that a bearish move towards 1.4 will happen on a downside break.
BULLISH FLAG
Ripple
XRP/USD
1H
There is a bullish flag spotted, the price is ready to break out.
If price breaks through the resistance, the resulting move could signal a bullish price move.
Xrpusd to move up towards 1.44 on a breakout of the bullish flag.
ASCENDING TRIANGLE
Ripple
XRP/USD
1H
As we can see an ascending triangle is nearing completion.
An ascending triangle typically predicts an extension in the downward direction when price breaks out.
Xrpusd to resume its downfall to 1.4 on a breakout of the ascending triangle.
SYMMETRICAL TRIANGLE
Ripple
XRP/USD
1H
A symmetrical triangle is close to being done.
A symmetrical triangle represents a bullish formation that predicts that the price will rally further once price breaks above resistance.
Xrpusd to look for a further push to 1.45 as the cryptocurrency probes 1.43 hurdle.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
The price develops a descending channel and the price breaks out.
A descending channel is a technical bullish price signal that typically spots a bearish-to-bullish trend reversal when price breaks out to the the upside.
Xrpusd to prolong the growth phase towards 1.5 as there is room for a upside correction.
DESCENDING TRIANGLE
Ripple
XRP/USD
1H
A descending triangle materializes.
A descending triangle results in prices are likely to keep falling downward when price breaks below support.
Corrective downside towards 1.52 is not ruled out on a breach of 1.525.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
There is a descending channel encountered and the price needs a next move as a verification of a breakout.
A descending channel suggests a useful price action formation that typically indicates the more likely potential of rising prices when price breaks above resistance.
Xrpusd to head towards 1.64 on a breach of 1.62.
ASCENDING TRIANGLE
Ripple
XRP/USD
1H
There is an ascending triangle occuring, the price is ready to break out.
An ascending triangle describes a useful signal that can be used to indicate a move down in case if price breaks down.
There is a probability of a further rangebound towards 1.58.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
We can see that the price sets up a descending channel and the price breaks out.
A descending channel often results in price heading to a new direction once price breaks above resistance.
Xrpusd to look for a further push to 1.64 once beyond 1.62.
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