There is a falling wedge emerging.
A falling wedge typically spots a move up when price breaks out to the the upside.
XRP/USD to increase bullish potential towards 0.44.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
May 20
A descending channel has been distinguished.
A descending channel is considered to be a technical chart formation that can be used to indicate a bullish price action if price breaks through the resistance.
XRP/USD hints a change to the upside to 0.52.
Ripple: Rectangle
XRP/USD,
1 hour
SHORT
Aug 11
A rectangle is identified, the price wants a move for clear breakout confirmation.
A rectangle typically results in a sharp decline in case if price breaks down.
A further rangebound to 0.58 is on the cards on a breach of 0.585 as upside pressure seen easing.
Ripple: Ascending Channel
XRP/USD,
1 hour
SHORT
Dec 21
There is an ascending channel uncovered, the price is breaking out.
In case if price breakdown occurs, the resulting move could spot that the price to go short.
XRP/USD points to the downside to 0.61.
Ripple: Descending Triangle
XRP/USD,
1 hour
LONG
Oct 1
It seems like a descending triangle has been identified and the price lacks a bit more consolidation for clear breakout confirmation.
A descending triangle describes a bullish price indicator that is used to signal that prices are likely to keep rallying upward in case if price breaks through the resistance.
XRP/USD to maintain its positive tone towards the 0.519 mark as the cryptocurrency nears 0.518 hurdle.
Ripple: Pennant
XRP/USD,
1 hour
SHORT
Jan 7
There is a pennant appearing.
Once price breaks down, the move could spot the bulls have run out of steam.
A further bearish move to the 0.565 level is not ruled out as minor hurdle remains at 0.567.
Ripple: Symmetrical Triangle
XRP/USD,
1 hour
LONG
Feb 2
The price completes a symmetrical triangle, the price needs a next steady move to confirm symmetrical triangle breakout.
A symmetrical triangle represents a specific price formation that often predicts a bullish move when price breaks out to the the upside.
There is a possibility of a rangebound to 0.51 as the cryptocurrency challenges 0.505 hurdle.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Jun 30
A descending channel has been distinguished.
In case if price breaks through the resistance, the move could predict a bullish price action.
XRP/USD to increase bullish potential to the 0.475 level on impulse above 0.4745.
Ripple: Ascending Channel
XRP/USD,
4 hours
SHORT
Nov 9
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,
4 hours
SHORT
Jul 30
The price develops a pennant.
Once price breaks below support, the resulting move could identify a bearish price move.
A bearish move to 0.59 is not ruled out on a downside break as gains remain capped.
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.
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Ripple · XRP/USD