Open:
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Close:
DESCENDING CHANNEL
Ripple
XRP/USD
4H
We can see that a descending channel is close to being completed, xrpusd demands a steady move as an information of a breakout.
A descending channel often signals a bearish-to-bullish trend reversal if price breaks out.
Xrpusd to move upward to the 1.4 zone as outlook for the cryptocurrency stays positive.
RECTANGLE
Ripple
XRP/USD
1H
A rectangle is very close to being completed and xrpusd demands a more steady move as evidence of a breakout.
A rectangle often results in the bears have run out of steam if price breaks out to the the upside.
A bullish run towards the 1.38 mark is going to happen.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
A descending channel is very close to being finished, the price expects a more move as an information of a breakout.
A descending channel provides a specific bullish price action formation with a downward bias that often signals that the price to go up if price breaks through the resistance.
It is possible that a rangebound towards 1.37 will be made while above 1.364.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
There is a descending channel found, the price is going to break out now.
A descending channel results in a bullish move once price breaks out to the the upside.
There is a possibility of a bullish move to 1.36.
DESCENDING CHANNEL
Ripple
XRP/USD
4H
We can see that a descending channel is nearing completion and the price is close to breaking out now.
A descending channel tends to be a technical price formation that is used to indicate a further move up once price breaks out.
Xrpusd risks a move to 1.38.
DESCENDING TRIANGLE
Ripple
XRP/USD
1H
As we can see xrpusd completes a descending triangle.
A descending triangle provides a useful bearish chart pattern that can be used to spot a bearish move when price breaks down.
Xrpusd to extend the correction lower to the 1.34 mark.
PENNANT
Ripple
XRP/USD
1H
It seems like a pennant is diagnosed.
A pennant is believed to be a compelling bearish price action formation that is used to spot a next move down in case if price breaks below support.
Xrpusd to suffer a steeper decline to 1.34 on a breach of 1.36 as xrpusd probes 1.36 hurdle.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
It seems like a descending channel has been exposed.
A descending channel often indicates a bullish price move once price breaks out to the the upside.
It is not ruled out that a bullish price action towards 1.38 will occur on a breach of 1.355 as the cryptocurrency becomes supported.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
There is a descending channel emerging.
A descending channel tends to be a technical bullish price action pattern that is angled down that is used to identify a bullish price action in case if price breaks through the resistance.
A bullish push up to the 1.36 zone is not ruled out.
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