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24.11.2023 07:42 AM
Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday November 24, 2023.

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With the appearance of Rising Wedge pattern and the deviation between price movement of Ripple with CCI indicator on its 60 minute charts, then in the near future Ripple has the potential to weaken up to the level 0.5910 as the main target, and if the momentum as well as the volatility is good enough, then 0.5730 will be the next target to be aimed of. If on the way to those levels there is no upward correction which is passed through the level 0.6283, because if this levels managed to exceed, then the downward scenario that has been described before will become invalid and will cancel itself.

(Disclaimer)

Arief Makmur,
Analytical expert of InstaForex
© 2007-2024
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