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.
Ripple: Rising Wedge
XRP/USD,
4 hours
SHORT
Dec 24
It seems like a rising wedge is very close to being completed, XRP/USD requests a further active move for the certainty of breakout.
A rising wedge describes a compelling price action signal that can be used to predict a sharp decline in case if price breaks down.
XRP/USD dives out bullish trendline towards 0.615 as downtrend may continue.
Ripple: Pennant
XRP/USD,
1 hour
LONG
Sep 28
A pennant is noticed.
A pennant predicts that prices are likely to keep rallying upward when price breaks out.
A further bullish move towards 0.594 looks probable while above 0.5925.
Ripple: Pennant
XRP/USD,
1 hour
SHORT
May 29
There is a pennant detected and the price requests a next strong bearish move for clear breakout confirmation.
A pennant is a technical price action signal that is used to identify the bulls have run out of steam if price breaks through the support.
XRP/USD to accomodate to the 0.526 zone.
Ripple: Descending Triangle
XRP/USD,
1 hour
SHORT
Dec 11
There is a descending triangle recognized, the price is going to break out now.
If price breaks down, the resulting move could predict a bearish price move.
There is a possibility of further decline to 0.64 on a breakout of the descending triangle.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Aug 28
As we can see a descending channel turns up and XRP/USD lacks a bit more consolidation as a sign of a breakout.
When price breaks out, the resulting move could predict a potential reversal in price action.
XRP/USD tests a move to 0.525.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Oct 14
There is a descending channel detected, XRP/USD needs a move as a sign of a breakout.
If price breaks out to the the upside, the move could identify a tendency to break in the opposite direction.
XRP/USD embarks on a bullish correction towards 0.535 as outlook for XRP/USD stays positive.
Ripple: Pennant
XRP/USD,
1 hour
SHORT
Jan 12
A pennant is nearing completion, the price is ready to break out.
A pennant suggests a bearish price signal that predicts a next move down in case if price breaks out.
There is a possibility of corrective downside towards 0.59 as minor hurdle remains at 0.594.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Sep 18
There is a descending channel forming.
A descending channel tends to be a useful bullish price action indicator that is used to predict price heading to a new direction if price breaks out to the the upside.
XRP/USD now looks towards 0.5 on a breakout of the descending channel.
Ripple: Rectangle
XRP/USD,
4 hours
LONG
May 3
A rectangle is recognized, the price is about to break out now.
A rectangle describes a reliable bullish formation that often spots extending an uptrend once price breaks above resistance.
It is likely that a bullish push up towards the 0.53 zone will form as XRP/USD probes 0.526 hurdle.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Oct 19
There is a descending channel encountered, the price asks for a bullish action for the certainty of breakout.
If price breaks out to the the upside, the resulting move could identify that the price to go up.
It is possible that a bullish price action to the 0.488 zone will happen while above 0.487.
Ripple: Rectangle
XRP/USD,
4 hours
LONG
May 17
There is a rectangle happening.
A rectangle is believed to be a bullish price signal that is used to identify a next move up when price breaks through the resistance.
There is a probability of a rangebound towards 0.53 on a breakout of the rectangle.
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