27.09.202408:19 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday September 27, 2024.

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If we look at the 4-hour chart of the Ripple cryptocurrency, we will see two interesting things, namely the first is the appearance of a deviation between the price movement of the cryptocurrency and the Stochastic Oscillator indicator, the second is the detection of the presence of an Ascending Broadening wedge pattern where both of these things indicate that in the near future Ripple has the potential to be corrected to weaken down but as long as the correction of the weakening is not more than below the level of 0.5617, Ripple will continue to strengthen to the level of 0.5950 as its main target and the level of 0.6118 as the next target if the momentum and volatility support it.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

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