03.03.202306:57 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Ripple Cryptocurrency, Friday March 03, 2023.

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With the pending upward correction at the Bearish Fair value Gap level in the Ripple cryptocurrency on its daily chart as well as the price movement below EMA 10 and inside the channel that dives down also CI indicator succesfully breaks all three levels 100,0,-100 then it is confirmed that the Bearish bias stilll dominate on this Cryptocurrency. Nevertheless,even so in the near future there is a possibility for Ripple to correct upwards to the level of 0.3702 if the Bearish Orderblock level is strong enough then Ripple has the potential to continue its decline to the level of 0.3284 but if the upward correction continues to break above the level 0.3884 then there is a high probability of a bearish movement when this will be on hold for the next few days.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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