There is a descending triangle recognized, the price is going to break out now.
If price breaks down, the resulting move could predict a bearish price move.
There is a possibility of further decline to 0.64 on a breakout of the descending triangle.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Aug 28
As we can see a descending channel turns up and XRP/USD lacks a bit more consolidation as a sign of a breakout.
When price breaks out, the resulting move could predict a potential reversal in price action.
XRP/USD tests a move to 0.525.
Ripple: Pennant
XRP/USD,
1 hour
SHORT
Jan 12
A pennant is nearing completion, the price is ready to break out.
A pennant suggests a bearish price signal that predicts a next move down in case if price breaks out.
There is a possibility of corrective downside towards 0.59 as minor hurdle remains at 0.594.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Oct 19
There is a descending channel encountered, the price asks for a bullish action for the certainty of breakout.
If price breaks out to the the upside, the resulting move could identify that the price to go up.
It is possible that a bullish price action to the 0.488 zone will happen while above 0.487.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Sep 18
There is a descending channel forming.
A descending channel tends to be a useful bullish price action indicator that is used to predict price heading to a new direction if price breaks out to the the upside.
XRP/USD now looks towards 0.5 on a breakout of the descending channel.
Ripple: Descending Triangle
XRP/USD,
1 hour
LONG
Nov 26
There is a descending triangle emerging and XRP/USD wants a steady move to confirm a breakout.
If price breaks out, the resulting move could signal that the price to go up.
XRP/USD to surge considerably towards the 0.624 mark.
Ripple: Falling Wedge
XRP/USD,
1 day
LONG
May 17
There is a falling wedge emerging.
A falling wedge typically spots a move up when price breaks out to the the upside.
XRP/USD to increase bullish potential towards 0.44.
Ripple: Ascending Channel
XRP/USD,
1 hour
SHORT
Dec 21
There is an ascending channel uncovered, the price is breaking out.
In case if price breakdown occurs, the resulting move could spot that the price to go short.
XRP/USD points to the downside to 0.61.
Ripple: Descending Triangle
XRP/USD,
1 hour
LONG
Oct 1
It seems like a descending triangle has been identified and the price lacks a bit more consolidation for clear breakout confirmation.
A descending triangle describes a bullish price indicator that is used to signal that prices are likely to keep rallying upward in case if price breaks through the resistance.
XRP/USD to maintain its positive tone towards the 0.519 mark as the cryptocurrency nears 0.518 hurdle.
Ripple: Symmetrical Triangle
XRP/USD,
1 hour
LONG
Feb 2
The price completes a symmetrical triangle, the price needs a next steady move to confirm symmetrical triangle breakout.
A symmetrical triangle represents a specific price formation that often predicts a bullish move when price breaks out to the the upside.
There is a possibility of a rangebound to 0.51 as the cryptocurrency challenges 0.505 hurdle.
Ripple: Pennant
XRP/USD,
1 hour
SHORT
Jan 7
There is a pennant appearing.
Once price breaks down, the move could spot the bulls have run out of steam.
A further bearish move to the 0.565 level is not ruled out as minor hurdle remains at 0.567.
Ripple: Ascending Channel
XRP/USD,
4 hours
SHORT
Nov 9
As we can see an ascending channel is identified and the price is going to break out.
An ascending channel describes a useful chart signal that often signals the bulls have run out of steam if price breaks through the support.
XRP/USD risks further downside to 0.6 while lower than 0.65.
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Ripple · XRP/USD