Those who believe the #descending channel pattern will break to the #upside have a solid claim.

On the other hand, a #breakout above the #descending trendline will have XRP price eyeing $0.60 as the next upside target.

Still, #analyzing a wider time frame provides no clear trend, as its chart can point to a #descending channel or a slightly longer seven-week bullish pattern.

slide toward 1.0560 (mid-point of the #descending channel), 1.0540 (static level) and 1.0500 (#psychological level, lower limit of the descending channel

slide toward 1.0560 (mid-point of the #descending channel), 1.0540 (static level) and 1.0500 (#psychological level, lower limit of the descending channel

slide toward 1.0560 (mid-point of the #descending channel), 1.0540 (static level) and 1.0500 (#psychological level, lower limit of the descending channel

slide toward 1.0560 (mid-point of the #descending channel), 1.0540 (static level) and 1.0500 (#psychological level, lower limit of the descending channel

slide toward 1.0560 (mid-point of the #descending channel), 1.0540 (static level) and 1.0500 (#psychological level, lower limit of the descending channel

slide toward 1.0560 (mid-point of the #descending channel), 1.0540 (static level) and 1.0500 (#psychological level, lower limit of the descending channel

In both instances, Bitcoin broke down from a #descending triangle pattern before eventually taking out a key #diagonal resistance.

In both instances, Bitcoin broke down from a #descending triangle pattern before eventually taking out a key #diagonal resistance.