The descending triangle is a chart pattern used in technical analysis. The pattern usually forms at the end of a downtrend but can also occur as a consolidation in an uptrend.

A triangle is a continuation pattern used in technical analysis that looks like a triangle on a price chart.

This therefore means that a bullish breakout from a descending triangle cannot be ruled out, and in fact a bullish resolution of the pattern (i.e. chart pattern failure) can result in very ...

It’s tracing out a descending triangle chart pattern, which usually resolves in a bearish move. If 3.70 on the nearest contract breaks, one more reason to play better defense.

Currently, XRP consolidates within a descending triangle, hinting at potential continuation or reversal, depending on the breakout direction.

XRP price chart hints at possible 46% gains XRP (XRP) has been consolidating inside a descending triangle pattern since topping out at its seven-year high of $3.40 on Jan. 16.