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.
Ripple: Pennant
XRP/USD,
1 hour
SHORT
May 7
A pennant is nearing completion.
A pennant represents a specific price signal that is used to spot the bulls have run out of steam when price collapses through the support line.
XRP/USD could attempt a move to the 0.456 mark.
Ripple: Descending Triangle
XRP/USD,
1 hour
SHORT
Apr 24
Ripple: Ascending Triangle
XRP/USD,
1 hour
SHORT
Sep 21
There is an ascending triangle determined.
An ascending triangle spots a bearish move when price collapses through the support line.
It is likely that a rangebound to 0.51 will take place on impulse below 0.515.
Ripple: Rectangle
XRP/USD,
4 hours
SHORT
Feb 26
There is a rectangle arising.
A rectangle signals extending an downtrend once price collapses through the support line.
XRP/USD risks suffer setback to 0.52 as risk reversal sheds bullish bias.
Ripple: Bullish Rectangle
XRP/USD,
1 hour
LONG
Feb 19
It seems like a bullish rectangle is almost completed.
A bullish rectangle tends to be a bullish chart signal that spots a bullish price action if price breaks above resistance.
It is not ruled out that a rangebound to 0.566 will happen as there is a chance for a upside correction.
Ripple: Rectangle
XRP/USD,
1 hour
SHORT
Mar 10
It seems like a rectangle materializes and XRP/USD expects a next active bearish move as proof of a breakdown.
A rectangle denotes a specific bearish indicator that is used to predict a next move down once price breaks out.
XRP/USD set to accelerate its decline to 0.615 on a breakdown of the rectangle.
Ripple: Rising Wedge
XRP/USD,
4 hours
SHORT
May 6
A rising wedge occurs, the price requests a bigger move as a verification of a breakdown.
A rising wedge is a useful price action pattern that has an upward slope that can be used to indicate a breakdown is likely to occur when price breaks below support.
It is not ruled out that further decline towards 0.455 will happen.
Ripple: Descending Channel
XRP/USD,
4 hours
LONG
Mar 19
A descending channel is very close to being completed.
A descending channel is believed to be a useful chart indicator that indicates a break during a downtrending market when price breaks through the resistance.
A move to 0.66 is about to happen as there is room for a upside correction.
Ripple: Rectangle
XRP/USD,
1 hour
LONG
Oct 23
There is a rectangle uncovered, the price breaks out now.
A rectangle describes a technical bullish price action formation that can be used to signal a bullish price action in case if price breaks out to the the upside.
It is not ruled out that a move towards the 0.53 zone will take place on a breakout of the rectangle.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Mar 28
The price gives a descending channel, the price lacks a bigger move as proof of a breakout.
A descending channel is a reliable bullish chart formation that has a downward slope that identifies a move up if price breaks through the resistance.
XRP/USD targets a move towards the 0.615 zone as the wind continues blowing in favor of XRP/USD.
Ripple: Rising Wedge
XRP/USD,
1 hour
SHORT
Oct 15
A rising wedge is almost done, XRP/USD needs an active correction as a verification of a breakdown.
A rising wedge suggests a specific chart formation that is used to indicate a change in the prevailing trend if price breaks through the support.
It is not ruled out that a bearish move to the 0.486 level will form on a breach of 0.4864.
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Ripple · XRP/USD