Open:
High:
Low:
Close:
TRIANGLE WAVE
Ripple
XRP/USD
1H
It seems like a symmetrical triangle is spotted, xrpusd wants a strong move to confirm a breakout.
A symmetrical triangle provides a technical bearish price indicator that often signals a bearish move in case if price breakdown occurs.
Xrpusd set to fall to 1.43 on a breach of 1.44.
DESCENDING TRIANGLE
Ripple
XRP/USD
1H
There is a descending triangle coming out, the price breaks out.
A descending triangle spots a move up if price breaks out to the the upside.
There is a possibility of a rangebound towards 1.45 on a breakout of the descending triangle.
TRIANGLE WAVE
Ripple
XRP/USD
1H
We can see that a symmetrical triangle emerges and the price asks for a further move to confirm a breakout.
A symmetrical triangle typically predicts the more likely potential of falling prices when price breakdown occurs.
Xrpusd to extend its slide towards the 1.43 mark as upside pressure seen easing.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
There is a descending channel noticed.
When price breaks through the resistance, the move could spot that prices are likely to keep rallying upward.
Xrpusd to accomodate to the 1.46 mark once beyond 1.454 as downside pressure seen easing.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
As we can see a descending channel happens, the price asks for a next bigger impulse up for clear breakout confirmation.
A descending channel provides a useful price action formation that typically predicts a pause in a downtrending market in case if price breaks out to the the upside.
Xrpusd to continue higher to 1.48 on a breakout of the descending channel.
ASCENDING CHANNEL
Ripple
XRP/USD
4H
As we can see an ascending channel arises, the price is breaking out.
An ascending channel typically signals an upward trend is nearing its end when price breaks below support.
It is possible that decline towards the 1.4 mark will be made on a breach of 1.46 as sell-off may continue.
PENNANT
Ripple
XRP/USD
1H
It looks like a pennant is very close to being completed and the price breaks out.
A pennant identifies a next move down when price breaks down.
Xrpusd looks for a setback towards the 1.5 level as bearish momentum increases.
ASCENDING CHANNEL
Ripple
XRP/USD
1H
As we can see an ascending channel forms.
Once price breakdown occurs, the move could predict extending an downtrend.
A move towards 1.45 is going to happen.
PENNANT
Ripple
XRP/USD
4H
A pennant is close to being done and the price is breaking out.
A pennant is said to depict a useful bullish signal that typically spots the bears have run out of steam when price breaks out.
Xrpusd to resume its rise towards the 1.44 mark once above 1.415.
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