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CANAL ASCENDANT
Ripple
XRP/USD
1H
It looks like an ascending channel appears.
An ascending channel identifies a bullish-to-bearish trend reversal if price breaks down.
Xrpusd hints a change to the downside towards the 1.37 level on impulse below 1.378.
RECTANGLE
Ripple
XRP/USD
1H
It seems like xrpusd completes a rectangle and the price lacks a bit more consolidation as evidence of a breakout.
A rectangle can be thought of as a reliable price formation that is used to signal a further move up when price breaks out to the the upside.
Xrpusd opens door for a move towards 1.4 on a breakout of the rectangle as xrpusd looks bid.
BISEAU DESCENDANT
Ripple
XRP/USD
1H
There is a falling wedge identified, the price is ready to break out.
A falling wedge is a price action signal that is used to predict a bearish-to-bullish trend reversal when price breaks above resistance.
Xrpusd to continue the appreciation trend to the 1.39 level on a upside break as indicators turn bullish.
DRAPEAU BAISSIER
Ripple
XRP/USD
1D
A bearish flag is nearing completion, xrpusd wants a move to confirm bearish flag breakout.
A bearish flag predicts an extension in the downward direction once price breaks down.
It is likely that a move towards 1.35 will be made on impulse below 1.41.
RECTANGLE
Ripple
XRP/USD
4H
There is a rectangle appearing and xrpusd wants a more bearish impulse as a clue of a breakout.
If price breaks out, the move could signal a bearish price move.
There is a probability of a rangebound to the 1.41 mark on a downside break.
CANAL ASCENDANT
Ripple
XRP/USD
1H
It looks like an ascending channel pops up and the price requires further active push down as evidence of a breakout.
An ascending channel represents a useful price action indicator that is used to identify a next move down when price collapses through the support line.
Xrpusd to push down towards the 1.425 zone on a breakout of the ascending channel as there is room for a downside correction.
TRIANGLE ASCENDANT
Ripple
XRP/USD
1H
We can see that an ascending triangle has been revealed and the price is going to break out now.
An ascending triangle is believed to be a technical price formation that signals that the price will rally further if price breaks out.
There is a probability of a further move to 1.435 as uptrend may continue.
FANION
Ripple
XRP/USD
4H
We can see that the price gives a pennant.
A pennant suggests a useful bullish price formation that can be used to spot that the price to go long if price breaks through the resistance.
There is a possibility of a bullish push up towards the 1.45 mark.
BISEAU DESCENDANT
Ripple
XRP/USD
1H
There is a falling wedge spotted and the price is close to breaking out now.
A falling wedge typically spots a change in price direction if price breaks through the resistance.
It is not ruled out that a bullish price action towards 1.435 will occur as minor hurdle remains at 1.429.
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