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21.02.202510:46 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday, February 21, 2025.

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.

Exchange Rates 21.02.2025 analysis

Although currently Ripple is still below the downtrend line, the appearance of Convergence between price movements and the Stochastic Oscillator indicator (5,3,3) gives an indication that in the near future there is potential for strengthening in this cryptocurrency where the level of 2.7545 will be tested and broken through upwards if successful then Ripple will potentially continue its strengthening to the level of 2.9342 as its main target and if the momentum and volatility of its strengthening support it then Ripple will continue its strengthening to 3.0676 but if on its way to the target levels that have been described suddenly Ripple weakens again until it breaks through and closes below the level of 2.4437 then all the strengthening rules that have been described previously will become invalid and automatically canceled by themselves.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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