Search results for symmetric triangle
Crypto
Litecoin chart mirrors pre-breakout patterns of XRP and QNT, analyst says
Litecoin is showing a pattern similar to the long-term price structures that XRP and Quant formed before a past bull market, an analysis said. A market research community, Ultimate Crypto, pointed to cases where XRP and QNT surged after breaking out of multi-year symmetric triangle consolidations. The analysis cautioned that Litecoin has not yet broken its long-term downtrend resistance line and that past gains in XRP and QNT cannot be applied directly to Litecoin because of differences in market capitalisation and supply structure.
Crypto
XRP retests upper trendline as market eyes $1.50 to $1.60 zone
XRP has moved close to the upper resistance line of a descending channel that has constrained its price for the past 12 months. It is trading around $1.06, leaving little gap to the channel top. The key level is near $1.10, where a daily close above the trendline could signal a technical breakout. If confirmed, the next resistance is seen at $1.50 to $1.60, followed by $2.00.
Crypto
XRP rebound falters, with next support at $1.21
XRP has come under stronger short-term downside pressure after breaking below the lower support line of a symmetric triangle pattern. Market analyst Cryptorphic cited $1.21 as the next key support level. XRP failed to clear resistance after rising to $1.54 and then retreated, falling 3.43 percent on May 15 and sliding to around $1.34 by May 20. It is now trading near $1.38.
