01.09.202306:55 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday 01 September 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

If we look at the 4-hour chart of the Ripple cryptocurrency, it can be seen that this cryptocurrency is moving in a fairly narrow sideways condition, but based on the stochastic Oscillator indicator which crosses upwards, it gives an indication that in the near future Ripple has the potential to rise upwards to test the 0.5484 level. If this level has been successfully broke above, Ripple has the potential to continue its strengthening up to the 0.5871 level, unless on its way to the levels mentioned above, suddenly this cryptocurrency turns down and bro below the 0.4954 level, then all the rally scenarios described previously will become is invalid and automatically cancels itself.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2025

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex

Download MetaTrader 4 and open your first trade