A symmetrical triangle is identified and XRP/USD requires a move as a verification of a breakout.
A symmetrical triangle can be thought of as a useful bullish chart signal that can be used to indicate the bears have run out of steam in case if price breaks out.
XRP/USD to enjoy a considerable gain to the 0.63 mark on a break above 0.626.
Ripple: Ascending Channel
XRP/USD,
4 hours
SHORT
May 8
As we can see an ascending channel is determined, the price asks for a more active correction as proof of a breakdown.
An ascending channel suggests a bearish chart signal that identifies a further move down in case if price breaks out.
There is a chance of a bearish move to 0.52 on a breakout of the ascending channel as the cryptocurrency sticks to the negative mood.
Ripple: Rectangle
XRP/USD,
1 hour
SHORT
Oct 8
There is a rectangle observed and the price is ready to break out now.
A rectangle provides a useful indicator that is used to identify that the price to go short once price breaks out.
XRP/USD opens door for a move towards 0.518.
Ripple: Ascending Channel
XRP/USD,
4 hours
SHORT
Apr 19
There is an ascending channel developing, the price breaks out soon.
An ascending channel typically signals extending an downtrend if price breaks out.
XRP/USD to extend its setback towards 0.5.
Ripple: Descending Channel
XRP/USD,
4 hours
LONG
Jan 8
It seems like XRP/USD gives a descending channel, the price needs a further strong impulse up as an indication of a breakout.
A descending channel results in a break during a downtrending market once price breaks through the resistance.
There is a chance of a rangebound towards the 0.58 mark on a breach of 0.568.
Ripple: Ascending Channel
XRP/USD,
1 hour
SHORT
Jan 21
It looks like an ascending channel comes out, the price demands a more strong move as an information of a breakdown.
An ascending channel often results in a bearish move once price breaks through the support.
It is possible that a rangebound to the 0.55 level will be made while below 0.552.
Ripple: Ascending Channel
XRP/USD,
1 hour
SHORT
Feb 4
An ascending channel is close to completion, XRP/USD calls for further steady push down for clear breakdown confirmation.
An ascending channel predicts a bearish price action in case if price breaks below support.
It is possible that a further bearish continuation to 0.51 will form on a downside break amid XRP/USD recedes from tops.
Ripple: Ascending Triangle
XRP/USD,
1 hour
SHORT
Oct 26
It seems like an ascending triangle emerges, the price expects a more move as an information of a breakout.
An ascending triangle depicts a compelling price action formation that can be used to indicate a sharp decline once price breakdown occurs.
Extra downside to 0.55 looks probable.
Ripple: Pennant
XRP/USD,
1 hour
LONG
May 5
A pennant turns up and the price demands a bit more consolidation as evidence of a breakout.
A pennant represents a compelling indicator that is used to spot a sharp rise when price breaks through the resistance.
It is possible that a bullish push up towards 0.466 will happen.
Ripple: Ascending Triangle
XRP/USD,
4 hours
SHORT
Jan 29
There is an ascending triangle coming out, the price demands a further steady move as an indication of a breakdown.
Once price breaks through the support, the move could spot a bearish price action.
XRP/USD targets a move to 0.52 while lower than 0.524.
Ripple: Ascending Channel
XRP/USD,
1 hour
SHORT
Aug 27
There is an ascending channel detected and the price asks for a next strong bearish impulse to confirm ascending channel breakout.
An ascending channel denotes a pattern that is angled up that typically predicts a breakdown is likely to occur in case if price breaks below support.
It is not ruled out that a rangebound to the 0.522 mark will be made as XRP/USD becomes depressed.
Ripple: Bullish Flag
XRP/USD,
4 hours
LONG
Dec 2
There is a bullish flag materializing, XRP/USD needs a bit more consolidation for the certainty of breakout.
A bullish flag suggests a compelling formation that signals a bullish price move once price breaks out to the the upside.
XRP/USD to head to 0.62 on a breakout of the bullish flag as door open for a test of 0.62.
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Ripple · XRP/USD