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: 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 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: 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.
Ripple: Descending Triangle
XRP/USD,
1 hour
LONG
Nov 26
There is a descending triangle emerging and XRP/USD wants a steady move to confirm a breakout.
If price breaks out, the resulting move could signal that the price to go up.
XRP/USD to surge considerably towards the 0.624 mark.
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: Falling Wedge
XRP/USD,
1 day
LONG
May 17
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: 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: 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: 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.
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Ripple · XRP/USD