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FANION
Ripple
XRP/USD
4H
A pennant is close to being done.
A pennant tends to be a bearish price action formation that can be used to indicate a bearish move in case if price breaks out.
There is a chance of a further bearish push down towards 1.45 as xrpusd becomes depressed.
CANAL DESCENDANT
Ripple
XRP/USD
1H
A descending channel comes out and xrpusd demands a move as proof of a breakout.
A descending channel identifies a chart indicator that is used to predict a trend change to the upside when price breaks through the resistance.
Xrpusd could attempt a move to the 1.54 level on a breach of 1.52.
TRIANGLE DESCENDANT
Ripple
XRP/USD
1H
There is a descending triangle exposed, the price is ready to break out.
Once price breaks out to the the downside, the resulting move could indicate a bearish price action.
It is possible that a further move towards 1.52 will take place on a breakout of the descending triangle.
CANAL ASCENDANT
Ripple
XRP/USD
1H
An ascending channel has been exposed.
An ascending channel spots an upward trend is nearing its end once price collapses through the support line.
It is possible that a further bearish price action towards 1.54 will occur.
CANAL ASCENDANT
Ripple
XRP/USD
1H
As we can see an ascending channel comes out.
An ascending channel tends to be a technical formation that is angled up that often signals an extension in the downward direction in case if price collapses through the support line.
A bearish run towards the 1.5 level looks probable on impulse below 1.56 as door open for a test of 1.5.
RECTANGLE
Ripple
XRP/USD
1H
There is a rectangle emerging and xrpusd wants a further active move to confirm rectangle breakout.
A rectangle suggests a compelling bullish indicator that indicates a move up when price breaks through the resistance.
Xrpusd to grind higher towards the 1.56 mark once above 1.54 as bulls seeking a new high.
BISEAU DESCENDANT
Ripple
XRP/USD
1H
A falling wedge is very close to being finished and the price breaks out.
Once price breaks out, the move could predict extending an uptrend.
It is likely that a further bullish move to 1.55 will take place as door open for the continuation of the uptrend.
DRAPEAU BAISSIER
Ripple
XRP/USD
4H
A bearish flag is very close to being finished, xrpusd requires bigger push down as proof of a breakout.
A bearish flag typically spots the bulls have run out of steam once price breaks out.
It is not ruled out that a bearish price action towards 1.4 will form on a downside break as xrpusd becomes weaker.
CANAL ASCENDANT
Ripple
XRP/USD
1H
There is an ascending channel identified and the price is ready to break out.
An ascending channel represents a compelling bearish chart signal that typically identifies a bullish-to-bearish trend reversal if price breaks through the support.
A rangebound to the 1.55 level is likely to happen on a downside break.
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