JamesSE
Panjang

Ascending triangles

BITSTAMP:XRPUSD   Ripple / Dollar
Quick Update
From the chart pattern, it looks like Xrp is on its way up on the 1H chart. The Resistance is sitting around $0.83, while higher lows are being formed to create the pattern. When the breakout occurs, it's looking likely to reach $0.90 based on the widest part of the triangle. Stochastic is low so should hopefully see a climb soon.

This is my opinion. I am not a financial adviser. This is information for analysis and educational purposes only.
Could it not also be an ascending wedge? We saw something similar just before the last drop from ~0.90 to a low of ~0.74. I sure hope XRP doesn't break the ~0.74 support. After that it is a drop to ~0.60 and under that ~0.24.
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