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FANION
Ripple
XRP/USD
1H
We can see that a pennant is almost finished, the price is breaking out.
A pennant is believed to be a bearish pattern that typically indicates an extension in the downward direction if price breaks down.
Xrpusd to move back towards 2.01 on a breakdown of the pennant.
TRIANGLE ASCENDANT
Ripple
XRP/USD
1H
There is an ascending triangle noticed, the price asks for a next move as proof of a breakout.
An ascending triangle tends to be a reliable bearish price action indicator that can be used to spot a further move down if price breakdown occurs.
There is a probability of a bearish push down to the 2 mark on a breach of 2.02.
TRIANGLE DESCENDANT
Ripple
XRP/USD
1H
There is a descending triangle uncovered, xrpusd lacks a further move as a verification of a breakout.
A descending triangle is a specific indicator that indicates the more likely potential of rising prices if price breaks out to the the upside.
Xrpusd is bullish and en route towards 2.06.
CANAL DESCENDANT
Ripple
XRP/USD
1H
A descending channel is close to being complete and the price is ready to break out now.
A descending channel depicts a specific bullish pattern that has a downward slope that can be used to predict an interruption of a downtrend in case if price breaks out to the the upside.
Xrpusd tests a move towards the 2.06 zone on a break above 2.04 as minor hurdle remains at 2.04.
DRAPEAU BAISSIER
Ripple
XRP/USD
1H
There is a bearish flag poping up and the price wants further fall for clear breakout confirmation.
If price breaks out, the move could signal a further move down.
There is a possibility of a bearish push down towards 2 while lower than 2.015.
DRAPEAU BAISSIER
Ripple
XRP/USD
1H
There is a bearish flag emerging, the price expects a further active move to confirm a breakout.
A bearish flag represents a useful bearish chart indicator that typically spots an upward trend is about to reverse into an downward trend when price collapses through the support line.
It is likely that decline to 2.02 will occur on impulse below 2.035.
BISEAU DESCENDANT
Ripple
XRP/USD
1H
It seems like a falling wedge takes place, xrpusd expects a next impulse up as proof of a breakout.
A falling wedge tends to be a compelling bullish chart pattern that is angled down that identifies a sharp rise once price breaks through the resistance.
It is not ruled out that a bullish run towards 2.06 will take place as downside pressure mitigates.
CANAL DESCENDANT
Ripple
XRP/USD
1H
As we can see a descending channel is close to being completed.
Once price breaks out, the move could spot a trend change to the upside.
Xrpusd to maintain its positive tone to 2.04 on a breakout of the descending channel as the cryptocurrency is at a brink of a bullish breakout.
CANAL DESCENDANT
Ripple
XRP/USD
1H
There is a descending channel uncovered and the price requires a more move to confirm descending channel breakout.
Once price breaks out to the the upside, the resulting move could spot that prices move counter to the prevailing price trend.
A move towards 2.02 is likely to happen on impulse above 2.01.
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