A descending channel develops.
A descending channel depicts a technical formation that has a downward slope that often signals extending an uptrend when price breaks above resistance.
XRP/USD embarks on a bullish correction to 0.515.
Ripple: Ascending Channel
XRP/USD,
1 day
SHORT
Oct 4
XRP/USD sets up an ascending channel and the price is close to breaking out.
An ascending channel identifies a useful chart formation with an upward bias that is used to identify a sharp decline once price breaks through the support.
A bearish move towards the 0.5 level stays on the cards on a breakout of the ascending channel as risk reversal sheds bullish bias.
Ripple: Rectangle
XRP/USD,
1 hour
SHORT
Apr 30
A rectangle has been found.
A rectangle identifies a signal that typically spots the bulls have run out of steam once price breaks below support.
XRP/USD set to lose more ground to 0.47 on a breach of 0.473 as extra rangebound not ruled out.
Ripple: Descending Triangle
XRP/USD,
1 hour
LONG
Oct 6
There is a descending triangle developing and XRP/USD asks for a more bullish continuation as a clue of a breakout.
Once price breaks out, the resulting move could identify a sharp rise.
XRP/USD looks north to the 0.534 level as downside pressure seen easing.
Ripple: Ascending Triangle
XRP/USD,
4 hours
LONG
Dec 4
An ascending triangle happens.
When price breaks above resistance, the move could predict the bears have run out of steam.
XRP/USD to accomodate to 0.64.
Ripple: Descending Triangle
XRP/USD,
1 hour
LONG
Dec 6
As we can see XRP/USD builds a descending triangle and the price is ready to break out.
A descending triangle depicts a chart pattern that spots a sharp rise if price breaks out to the the upside.
XRP/USD to enjoy a considerable gain towards 0.625 on a breakout of the descending triangle.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Jul 13
There is a descending channel poping up, the price breaks out.
A descending channel represents a technical price signal that typically spots the more likely potential of rising prices once price breaks out to the the upside.
It is likely that a bullish continuation to 0.474 will take place.
Ripple: Symmetrical Triangle
XRP/USD,
1 hour
LONG
Jan 7
It looks like a symmetrical triangle appears and the price needs a more move as an information of a breakout.
Once price breaks above resistance, the resulting move could predict that the price will rally further.
A further bullish price action to the 0.575 mark looks likely on a breach of 0.569 as bulls looking for profit.
Ripple: Descending Channel
XRP/USD,
1 day
LONG
Oct 23
It looks like a descending channel arises and XRP/USD requires a next active move as proof of a breakout.
A descending channel identifies a technical formation that typically indicates a further move up once price breaks out.
A bullish continuation towards the 0.54 mark is likely.
Ripple: Pennant
XRP/USD,
1 hour
LONG
Apr 10
We can see that a pennant has been diagnosed and the price needs a more bigger impulse up as an indication of a breakout.
When price breaks out, the move could identify a bullish price move.
XRP/USD opens door for a move to the 0.506 level on a breach of 0.5045 as the wind continues blowing in favor of the cryptocurrency.
Ripple: Descending Triangle
XRP/USD,
1 hour
LONG
Dec 8
A descending triangle has been uncovered and the price requests a more move as an information of a breakout.
A descending triangle depicts a reliable chart pattern that is used to identify a further move up in case if price breaks out.
There is a probability of a move towards the 0.645 level.
Ripple: Pennant
XRP/USD,
1 hour
SHORT
Aug 4
There is a pennant materializing.
A pennant provides a chart formation that is used to spot a bearish price action if price breaks out to the the downside.
A rangebound towards 0.54 about to be made.
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Ripple · XRP/USD