An ascending channel arises, the price is ready to break out.
An ascending channel typically identifies a temporary interruption during a rising market in case if price breaks through the support.
XRP/USD to head towards the 2.05 zone as bears looking for downside correction.
Ripple: Rectangle
XRP/USD,
1 hour
LONG
Mar 7
As we can see a rectangle has been revealed, the price expects a next bullish impulse as a sign of a breakout.
A rectangle often spots a bullish move in case if price breaks out.
A further rangebound to the 0.374 zone is on the way as the mood may improve.
Ripple: Descending Channel
XRP/USD,
4 hours
LONG
Mar 31
A descending channel arises, the price is about to break out.
A descending channel represents a compelling chart formation that is angled down that typically indicates a move up if price breaks out to the the upside.
XRP/USD aims to complete a retracement towards the 2.2 mark on a breach of 2.14.
Ripple: Descending Channel
XRP/USD,
4 hours
LONG
Jun 19
We can see that a descending channel forms.
In case if price breaks out, the resulting move could indicate a tendency to break in the opposite direction.
It is not ruled out that a bullish continuation to 0.5 will be made on a breakout of the descending channel as the mood may improve.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Oct 14
A descending channel has been found and the price breaks out.
A descending channel can be thought of as a reliable bullish formation that is used to spot a sharp rise when price breaks out.
XRP/USD advances higher to the 0.535 mark as bulls look for entries.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Aug 19
There is a descending channel coming out and XRP/USD lacks a next move as evidence of a breakout.
A descending channel denotes a formation that spots a tendency to break in the opposite direction once price breaks through the resistance.
XRP/USD to push up to 0.58 on a breach of 0.575 amid rising bets for the move.
Ripple: Rectangle
XRP/USD,
1 hour
SHORT
Jan 22
A rectangle has been detected.
A rectangle typically predicts the bulls have run out of steam once price breaks down.
XRP/USD risks a move to 0.546 while below 0.547.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Mar 18
A descending channel has been spotted.
In case if price breaks out to the the upside, the resulting move could identify that the price to go up.
A further bullish run towards 0.63 is possible.
Ripple: Ascending Triangle
XRP/USD,
1 hour
LONG
Jul 16
An ascending triangle is exposed.
An ascending triangle represents a useful price signal that can be used to identify a bullish price action in case if price breaks through the resistance.
XRP/USD to continue the appreciation trend to 0.54 once above 0.537.
Ripple: Descending Channel
XRP/USD,
1 day
LONG
Mar 9
A descending channel is almost done and the price breaks out soon.
A descending channel identifies a useful price action formation that can be used to signal a bullish price move in case if price breaks out.
It is likely that a rangebound to the 0.4 zone will occur as XRP/USD resumes the upside.
Ripple: Ascending Channel
XRP/USD,
1 hour
SHORT
Jun 11
It looks like the price sets up an ascending channel, the price is going to break out soon.
An ascending channel represents a price pattern that has an upward slope that can be used to signal that the price to go short if price breaks down.
There is a chance of extra downside to 0.494 once below 0.4965.
Ripple: Falling Wedge
XRP/USD,
1 hour
LONG
Mar 28
There is a falling wedge recognized and the price is close to breaking out.
A falling wedge denotes a specific indicator that signals that the price will rally further when price breaks out to the the upside.
It is possible that a further bullish push up towards 0.62 will take place on a breakout of the falling wedge.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Ripple · XRP/USD