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BULLISH FLAG
Ripple
XRP/USD
1H
It seems like a bullish flag is identified and the price lacks a further bigger move for the certainty of breakout.
A bullish flag identifies a specific price action pattern that often results in the bears have run out of steam when price breaks out.
A bullish push up towards the 1.42 mark about to be made on a breakout of the bullish flag amid xrpusd reclaims part of the ground lost.
ASCENDING CHANNEL
Ripple
XRP/USD
1H
There is an ascending channel diagnosed.
Once price collapses through the support line, the move could predict a tendency to break in the opposite direction.
Xrpusd risks further decline towards 1.38 as the cryptocurrency failes to keep gains.
ASCENDING TRIANGLE
Ripple
XRP/USD
1H
As we can see an ascending triangle is spotted, xrpusd lacks strong fall as a clue of a breakout.
Once price breaks below support, the move could predict extending an downtrend.
Further decline to 1.4 is on the cards as the cryptocurrency becomes offered.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
A descending channel is revealed.
A descending channel predicts a move up once price breaks out.
There is a probability of a rangebound towards 1.48 on a breach of 1.455.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
We can see that a descending channel is observed.
A descending channel spots an extension in the upward direction if price breaks through the resistance.
Xrpusd to prolong the growth phase towards 1.46 on a break above 1.445.
DESCENDING TRIANGLE
Ripple
XRP/USD
1H
We can see that a descending triangle is observed and xrpusd calls for a move as a sign of a breakout.
A descending triangle often spots the bulls have run out of steam in case if price breaks out to the the downside.
A bearish push down towards 1.42 is a possibility on a breakdown of the descending triangle as xrpusd sticks to the negative mood.
DESCENDING CHANNEL
Ripple
XRP/USD
4H
As we can see a descending channel is close to being finished, xrpusd requires strong rise as an information of a breakout.
In case if price breaks through the resistance, the resulting move could spot a tendency to break in the opposite direction.
There is a probability of a move to the 1.5 level as the mood may improve.
BEARISH FLAG
Ripple
XRP/USD
1H
There is a bearish flag happening, xrpusd calls for a move for clear breakout confirmation.
If price breaks out, the move could indicate an interruption of an uptrend.
Xrpusd to extend its slide towards 1.4 on a downside break.
DESCENDING TRIANGLE
Ripple
XRP/USD
1H
There is a descending triangle identified.
A descending triangle describes a useful price indicator that typically indicates that the price will rally further once price breaks out.
There is a probability of a further rangebound to the 1.44 zone on a breakout of the descending triangle as risk reversal sheds bearish bias.
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