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 Channel
XRP/USD,
1 day
LONG
Jul 3
There is a descending channel occuring, the price lacks a next active impulse up as an indication of a breakout.
If price breaks above resistance, the resulting move could spot that the price to go up.
A bullish continuation to the 0.5 mark is likely to happen on a break above 0.48 as the cryptocurrency resumes the upside.
Ripple: Rectangle
XRP/USD,
1 hour
SHORT
Feb 24
A rectangle is diagnosed.
When price collapses through the support line, the resulting move could identify a bearish move.
XRP/USD risks a correction to 2.5 on a breakout of the rectangle.
Ripple: Symmetrical Triangle
XRP/USD,
1 hour
LONG
Dec 1
A symmetrical triangle turns up.
When price breaks above resistance, the resulting move could spot the more likely potential of rising prices.
A bullish move to 1.94 is a possibility on a breach of 1.92 as there is a chance for a upside correction.
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 Channel
XRP/USD,
1 hour
LONG
Jan 19
A descending channel is close to completion, the price is ready to break out now.
If price breaks out to the the upside, the resulting move could spot a sharp rise.
XRP/USD looks ready to further extend its gains towards the 3.25 level as bulls lurking in demand zone.
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: 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 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: 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.
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Ripple · XRP/USD