A descending triangle has been uncovered and the price requests a more move as an information of a breakout.
A descending triangle depicts a reliable chart pattern that is used to identify a further move up in case if price breaks out.
There is a probability of a move towards the 0.645 level.
Ripple: Pennant
XRP/USD,
1 hour
SHORT
Aug 4
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: Falling Wedge
XRP/USD,
4 hours
LONG
5 days ago
A falling wedge develops, the price breaks out.
A falling wedge results in a countertrend succeeding the current trend once price breaks out to the the upside.
XRP/USD does not rule out a move to 2.2 once beyond 2.1.
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: Rising Wedge
XRP/USD,
1 hour
SHORT
Dec 29
It looks like a rising wedge is close to completion and the price expects fall as a sign of a breakdown.
A rising wedge can be thought of as a specific price indicator that can be used to predict extending an downtrend once price collapses through the support line.
XRP/USD set to plunge to the 2.16 level once below 2.18 as XRP/USD is at a brink of a bearish breakout.
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
Dec 20
It looks like XRP/USD gives a descending channel, XRP/USD expects an active move as evidence of a breakout.
Once price breaks through the resistance, the move could indicate a tendency to break in the opposite direction.
XRP/USD embarks on a bullish correction to 2.4 on a breach of 2.32 as XRP/USD becomes bullish.
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Ripple · XRP/USD