A descending channel has been distinguished.
In case if price breaks through the resistance, the move could predict a bullish price action.
XRP/USD to increase bullish potential to the 0.475 level on impulse above 0.4745.
Ripple: Ascending Channel
XRP/USD,
4 hours
SHORT
Nov 9
As we can see an ascending channel is identified and the price is going to break out.
An ascending channel describes a useful chart signal that often signals the bulls have run out of steam if price breaks through the support.
XRP/USD risks further downside to 0.6 while lower than 0.65.
Ripple: Pennant
XRP/USD,
4 hours
SHORT
Jul 30
The price develops a pennant.
Once price breaks below support, the resulting move could identify a bearish price move.
A bearish move to 0.59 is not ruled out on a downside break as gains remain capped.
Ripple: Ascending Triangle
XRP/USD,
1 hour
SHORT
Sep 21
There is an ascending triangle determined.
An ascending triangle spots a bearish move when price collapses through the support line.
It is likely that a rangebound to 0.51 will take place on impulse below 0.515.
Ripple: Pennant
XRP/USD,
1 hour
SHORT
May 7
A pennant is nearing completion.
A pennant represents a specific price signal that is used to spot the bulls have run out of steam when price collapses through the support line.
XRP/USD could attempt a move to the 0.456 mark.
Ripple: Descending Triangle
XRP/USD,
1 hour
SHORT
Apr 24
Ripple: Rectangle
XRP/USD,
4 hours
SHORT
Feb 26
There is a rectangle arising.
A rectangle signals extending an downtrend once price collapses through the support line.
XRP/USD risks suffer setback to 0.52 as risk reversal sheds bullish bias.
Ripple: Descending Triangle
XRP/USD,
1 hour
SHORT
Dec 29
A descending triangle arises, the price is going to break out.
A descending triangle spots prices are likely to keep falling downward if price breaks out.
There is a probability of extra downside towards the 2.15 level on impulse below 2.156.
Ripple: Ascending Triangle
XRP/USD,
4 hours
SHORT
Mar 25
As we can see an ascending triangle occurs.
An ascending triangle typically signals a bearish price action in case if price breaks out.
There is a possibility of a move to 2.3 on a breach of 2.42 as the cryptocurrency becomes capped.
Ripple: Bullish Rectangle
XRP/USD,
1 hour
LONG
Feb 19
It seems like a bullish rectangle is almost completed.
A bullish rectangle tends to be a bullish chart signal that spots a bullish price action if price breaks above resistance.
It is not ruled out that a rangebound to 0.566 will happen as there is a chance for a upside correction.
Ripple: Ascending Triangle
XRP/USD,
1 hour
SHORT
Jan 19
It seems like an ascending triangle is discovered, XRP/USD wants a further move as an indication of a breakout.
An ascending triangle is considered to be a useful bearish price action indicator that indicates a bearish move in case if price breaks below support.
Corrective downside to 3.15 is probable on a break below 3.18 as weakness continues.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Jul 27
As we can see a descending channel happens, XRP/USD needs a bullish action as a sign of a breakout.
If price breaks out to the the upside, the resulting move could signal a next move up.
XRP/USD to move upward towards 0.605 on a breakout of the descending channel as there is a chance for a upside correction.
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Ripple · XRP/USD