Open:
High:
Low:
Close:
DESCENDING CHANNEL
Ripple
XRP/USD
4H
It seems like a descending channel is close to being finished and the price asks for more rise as an indication of a breakout.
A descending channel suggests a signal that often results in a bullish price move in case if price breaks above resistance.
There is a chance of a bullish continuation towards 1.36.
RECTANGLE
Ripple
XRP/USD
1H
As we can see a rectangle is distinguished, the price is breaking out.
A rectangle is said to depict a technical pattern that is used to signal an extension in the downward direction in case if price breaks out to the the downside.
A further rangebound to the 1.31 level stays on the cards on a breach of 1.322 as outlook for the cryptocurrency stays negative.
ASCENDING CHANNEL
Ripple
XRP/USD
1H
An ascending channel is distinguished.
An ascending channel tends to be a price action indicator that indicates a bearish move if price breaks below support.
Xrpusd to suffer further downside towards the 1.33 mark.
BEARISH FLAG
Ripple
XRP/USD
1H
It looks like a bearish flag appears, the price breaks out soon.
Once price breaks through the support, the resulting move could signal an upward trend is nearing its end.
There is a chance of corrective downside towards 1.33.
FALLING WEDGE
Ripple
XRP/USD
4H
It seems like a falling wedge is close to being complete and xrpusd needs a bit more consolidation as proof of a breakout.
A falling wedge typically identifies a further move up when price breaks out to the the upside.
It is not ruled out that a move to the 1.36 level will occur.
DESCENDING TRIANGLE
Ripple
XRP/USD
1H
A descending triangle pops up, the price is close to breaking out.
A descending triangle is said to depict a signal that predicts a next move up if price breaks out.
Xrpusd to look for a further push to the 1.35 mark on a breakout of the descending triangle.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
There is a descending channel uncovered and the price is close to breaking out now.
A descending channel suggests a reliable indicator that often spots a change in price direction in case if price breaks above resistance.
Xrpusd to continue the appreciation trend towards 1.34.
BULLISH FLAG
Ripple
XRP/USD
1H
A bullish flag is close to completion.
A bullish flag often predicts a bullish price action once price breaks out to the the upside.
It is likely that a rangebound to the 1.38 level will occur once beyond 1.37 as bulls look for entries.
PENNANT
Ripple
XRP/USD
4H
There is a pennant developing and xrpusd requests a further bearish continuation as a clue of a breakout.
In case if price breaks below support, the move could identify the bulls have run out of steam.
Xrpusd challenges a move to 1.38.
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