False inverted H&S breakout on short term chart. Breaks down below neckline. Ripple, the payments solution cryptocurrency, had given a breakout of an inverted head and shoulders pattern but only to give back the gains immediately after the breakout, resulting into a false breakout. If that wasn’t enough to dent bulls’ confidence, it also broke down of the neckline support. XRP/USD is down more than 1 percent on day at $0.4510 in Sunday trading and is near the low point of the day. On the 30-minute chart, XRP had earlier given a breakout of the inverted H&S pattern at around $0.4553 which didn’t last long and in the next one hour it gave up all the gains of breakout. XRP has also broken down of the critical neckline support of the inverted H&S and now sitting just below the neckline support of $0.4521. Chances are it may even fall below the psychologically important mark of $0.4500 all the way towards $0.4480. XRP/USD 30-minute chart: FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Dash price analysis: Is long term bottom formation in the process? FX Street 5 years False inverted H&S breakout on short term chart. Breaks down below neckline. Ripple, the payments solution cryptocurrency, had given a breakout of an inverted head and shoulders pattern but only to give back the gains immediately after the breakout, resulting into a false breakout. If that wasn't enough to dent bulls' confidence, it also broke down of the neckline support. XRP/USD is down more than 1 percent on day at $0.4510 in Sunday trading and is near the low point of the day. On the 30-minute chart, XRP had earlier given a breakout of the inverted H&S pattern at around… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
