{"id":30598,"date":"2023-10-19T09:32:01","date_gmt":"2023-10-19T09:32:01","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/10\/19\/ripples-bearish-momentum-continues-a-descending-triangle-points-to-a-drop-to-0-4\/"},"modified":"2023-10-19T09:32:01","modified_gmt":"2023-10-19T09:32:01","slug":"ripples-bearish-momentum-continues-a-descending-triangle-points-to-a-drop-to-0-4","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/10\/19\/ripples-bearish-momentum-continues-a-descending-triangle-points-to-a-drop-to-0-4\/","title":{"rendered":"Ripple\u2019s bearish momentum continues. A descending triangle points to a drop to $0.4."},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/11\/1647516292765-7b46e404-1a5c-4904-83eb-09c487a09ec7-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/11\/1647516292765-7b46e404-1a5c-4904-83eb-09c487a09ec7-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/11\/1647516292765-7b46e404-1a5c-4904-83eb-09c487a09ec7-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/11\/1647516292765-7b46e404-1a5c-4904-83eb-09c487a09ec7-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2022\/11\/1647516292765-7b46e404-1a5c-4904-83eb-09c487a09ec7.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul class=\"decimal_type\">\n<li>Ripple\u2019s bearish momentum continues<\/li>\n<li>A descending triangle points to a drop to $0.4<\/li>\n<li>A head and shoulders sample paints a gloomy image for Ripple<\/li>\n<li>\n<\/li>\n<\/ul>\n<p>There isn&#8217;t any break from the bearish momentum within the cryptocurrency market. Unless you&#8217;re invested in Bitcoin, the affected by being on the lengthy facet of some other coin has been great.\u00a0<\/p>\n<p>Take Ripple (XRP\/USD), for instance.\u00a0<\/p>\n<p>After spiking shut to $1 in the course of the summer time, it rapidly returned all its positive factors. Basically, a basic pump-and-dump worth motion, sufficient to entice late newcomers to the occasion, solely to see their funding rapidly disappear.\u00a0<\/p>\n<p>More problematic is the current worth motion. It provides no indicators of the bearish strain easing anytime quickly.\u00a0<\/p>\n<p>Just the alternative, because the market seems to kind a bearish continuation sample \u2013 a descending triangle.\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/09\/19\/1697705518974-2cddea05-822e-4f2a-965d-41eb222e3586.png\" style=\"width: 1800px\" class=\"fr-fic fr-dib\" width=\"1800\" height=\"446\"\/><\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/?exchange=CRYPTO\" rel=\"noopener noreferrer\" target=\"_blank\">Ripple chart by TradingView<\/a><\/p>\n<h2>Descending triangle points to a fast transfer to $0.5<\/h2>\n<p>As a bearish continuation sample, a descending triangle hints at extra draw back to come. Its measured transfer equals the size of the longest section of the triangle \u2013 on this case, it alerts a drop to $0.4.\u00a0<\/p>\n<p>The most important characteristic of such a triangle is the truth that bounces from horizontal assist are smaller and smaller till, ultimately, assist provides manner.\u00a0<\/p>\n<p>On an excellent larger scale, the descending triangle would possibly simply be the precise shoulder of a head and shoulders sample. If that&#8217;s the case, the spike in the course of the summer time months shut to the $1 space could be the top of the sample.\u00a0<\/p>\n<p>If a head and shoulders sample does materialize, Ripple has way more room to the draw back than bullish buyers would need to assume now.\u00a0<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/ripple-drops-another-2-today-a-descending-triangle-points-to-more-downside\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Ripple\u2019s bearish momentum continues A descending triangle points to a drop to $0.4 A head and shoulders sample paints a gloomy image for Ripple There isn&#8217;t any break from the bearish momentum within the cryptocurrency market. Unless you&#8217;re invested in Bitcoin, the affected by being on the lengthy facet of some other coin has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":30600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[40,241,3847,552,1074,813,2616,2865],"class_list":["post-30598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-bearish","tag-continues","tag-descending","tag-drop","tag-momentum","tag-points","tag-ripples","tag-triangle","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/30598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=30598"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/30598\/revisions"}],"predecessor-version":[{"id":30599,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/30598\/revisions\/30599"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/30600"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=30598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=30598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=30598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}