26.01.202406:58 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday January 26 2024.

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.

With the appearance of deviation between price movement with Stochastic Oscillator as well as the the appearance of Bullish 123 pattern on the 4 hour chart of Ripple cryptocurrency, the in the near future, this cryptocurrency has the potential to appreciate upward where the level of 0,5181 will try to breaks in the near future and if this levels successfuly broken above, then Ripple has the potential to continue its strengthening up to the level 0,5542 as the main target and level 0,5877 as the second target if the momentum as well as the volatility supporting. But if on the way to those level target suddenly there is a weakness correction that down below the level 0,4954 then it is highly possible that the strengthening scenario that has been described before will be canceled and become invalid.

(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