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PENNANT
Ripple
XRP/USD
1H
We can see that a pennant is determined.
A pennant describes an indicator that identifies extending an downtrend in case if price breaks out.
Xrpusd is at risk of extending its slump towards the 1.13 mark on impulse below 1.138 as upside pressure alleviates.
RISING WEDGE
Ripple
XRP/USD
1H
As we can see a rising wedge is close to being complete and xrpusd demands a next bearish action as an indication of a breakout.
A rising wedge can be thought of as a compelling signal that can be used to spot the more likely potential of falling prices in case if price breaks through the support.
Xrpusd is at risk of extending its slump towards the 1.14 level on a breakout of the rising wedge.
DESCENDING TRIANGLE
Ripple
XRP/USD
1D
It looks like the price forms a descending triangle and the price lacks a bit more consolidation as a verification of a breakout.
A descending triangle is said to depict a reliable indicator that is used to spot a bullish price move once price breaks out.
A further bullish price action to the 1.15 level is on the way on a breakout of the descending triangle.
RECTANGLE
Ripple
XRP/USD
4H
The price completes a rectangle and the price wants a steady move for the certainty of breakout.
A rectangle spots an extension in the upward direction once price breaks above resistance.
A bullish price action towards 1.13 stays on the cards once beyond 1.12 as xrpusd looks bid.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
It looks like a descending channel occurs.
When price breaks out to the the upside, the move could signal that the price to go long.
Xrpusd to resume its rise to the 1.105 mark on a breakout of the descending channel.
ASCENDING CHANNEL
Ripple
XRP/USD
1H
As we can see an ascending channel turns up, xrpusd requires a bigger bearish move as evidence of a breakout.
An ascending channel suggests a bearish pattern that is angled up that predicts a trend change to the downside if price breaks through the support.
Xrpusd challenges a move towards 1.09 on a breakout of the ascending channel as there is a chance of further weakness.
ASCENDING TRIANGLE
Ripple
XRP/USD
4H
There is an ascending triangle diagnosed, the price requests a more bigger move for clear breakout confirmation.
An ascending triangle denotes a reliable bearish price signal that signals a move down if price breaks below support.
Xrpusd to head to 1.08 on a breakout of the ascending triangle.
BULLISH FLAG
Ripple
XRP/USD
1H
There is a bullish flag taking place, the price is close to breaking out soon.
A bullish flag typically signals a next move up when price breaks out.
A rangebound towards the 1.105 mark is likely on a upside break as door open for a test of 1.105.
ASCENDING CHANNEL
Ripple
XRP/USD
1H
There is an ascending channel encountered, the price is ready to break out now.
An ascending channel identifies a reliable bearish chart formation that has an upward slope that can be used to signal that the price to go down if price collapses through the support line.
Xrpusd looks south towards the 1.09 zone as extra rangebound not ruled out.
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