Open:
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DESCENDING CHANNEL
Ripple
XRP/USD
1H
A descending channel pops up, the price is ready to break out soon.
A descending channel typically results in a move up once price breaks through the resistance.
A move to 1.065 is probable.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
There is a descending channel coming out.
A descending channel identifies a bullish indicator that can be used to predict a further move up if price breaks above resistance.
There is a chance of a bullish run to 1.07.
RECTANGLE
Ripple
XRP/USD
1H
There is a rectangle appearing.
If price collapses through the support line, the resulting move could spot a further move down.
A move to the 1.055 zone is possible.
DESCENDING TRIANGLE
Ripple
XRP/USD
1H
Xrpusd establishes a descending triangle and the price is ready to break out soon.
A descending triangle is considered to be a reliable bullish price pattern that is used to spot a bullish price action once price breaks out to the the upside.
A bullish run to the 1.065 level looks likely on impulse above 1.064.
PENNANT
Ripple
XRP/USD
4H
It seems like a pennant is close to completion and the price lacks a further impulse down as an information of a breakout.
A pennant depicts a price action indicator that is used to signal that the price to go short when price breakdown occurs.
There is a probability of further decline towards 1.04.
BULLISH FLAG
Ripple
XRP/USD
1H
A bullish flag is noticed.
A bullish flag typically signals a potential bullish reversal in price action when price breaks out to the the upside.
Xrpusd to have better chances of advancing to the 1.07 zone on a breach of 1.066.
ASCENDING CHANNEL
Ripple
XRP/USD
1H
It seems like an ascending channel is detected and xrpusd wants a further move for clear breakdown confirmation.
When price breaks below support, the resulting move could signal a next move down.
There is a chance of a bearish push down towards 1.07 while below 1.072.
SYMMETRICAL TRIANGLE
Ripple
XRP/USD
1H
There is a symmetrical triangle occuring.
A symmetrical triangle tends to be a technical price action indicator that typically indicates a move up in case if price breaks out.
Xrpusd to continue higher to 1.09 on a breach of 1.084 as the cryptocurrency challenges 1.084 hurdle.
DESCENDING CHANNEL
Ripple
XRP/USD
4H
It looks like a descending channel is close to being finished and xrpusd needs a more move to confirm descending channel breakout.
A descending channel provides a useful chart signal that typically predicts a temporary interruption of an existing trend once price breaks above resistance.
There is a probability of a rangebound towards the 1.1 level.
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