empty
 
 
27.01.2023 08:37 AM
Technical Analysis of Intraday Price Movements of Ripple Cryptocurrency, Friday January 2023.

This image is no longer relevant

Although on its 4 hour chart stipp formed Golden Cross where this gives an indication that Buyers are still dominating but with the appearance of the Head and Shoulders pattern and the appearance of the Bearish Pitchfork Channel and deviations between the Ripple price movement and the Stochastic Oscillator indicator indicating that in the near future they will move down to test the 0.3943 level if this level is successfully broken down then Ripple has the potential to go to the level area 0.3855-0.3732 as the main target and the level 0.3597 as the second target but all of these scenario setups will become invalid and cancel by themselves if on the way to the target levels Ripple suddenly reverses upwards above the level 0.4216.

(Disclaimer)

EURUSD
Euro vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Technical Analysis of ETH/USD for March 23, 2023

Crypto Industry News: The introduction of the central bank digital currency (CBDC) by the US authorities raises many controversies and fears among citizens, but also politicians. Many people openly oppose

Sebastian Seliga 08:51 2023-03-23 UTC+2

Technical Analysis of BTC/USD for March 23, 2023

Crypto Industry News: The White House released its economic report. In it, he referred to the topic of cryptocurrencies, but covers various topics, including the war in Ukraine, the coronavirus

Sebastian Seliga 08:51 2023-03-23 UTC+2

Elliott wave analysis of Litecoin for March 23, 2023

Litecoin is finally challenging resistance near 87.40. A clear break above here will confirm that wave 2 completed with the test of the 61.8% corrective target at 65.29

Torben Melsted 06:58 2023-03-23 UTC+2

Ripple sell-off to be over soon

Ripple climbed as much as 0.4940 yesterday, registering a new high. Now, it has dropped and is trading at 0.4380. The altcoin increased by 32.74% from Monday's low of 0.3721

Ralph Shedler 19:37 2023-03-22 UTC+2

Bitcoin: new bullish formation

Bitcoin is bullish and seems determined to approach and reach new highs. It's trading at 28,287 at the time of writing. In the last 24 hours, BTC/USD

Ralph Shedler 14:00 2023-03-22 UTC+2

XRPUSD breaks above January highs.

XRPUSD is trading above $0.44 while yesterday it was trading as high as $0.49. Short-term trend remains bullish. Price is making higher highs and higher lows. Momentum is bullish

Alexandros Yfantis 13:55 2023-03-22 UTC+2

Bitcoin consolidates around $28k ahead of Fed meeting: what to expect next?

As expected, the cryptocurrency market slowed its trading activity and began to consolidate near the $28k level. Bitcoin's trading activity also continues to decline, which is typical for intermediate periods

Artem Petrenko 12:15 2023-03-22 UTC+2

BTC update for March 22,.2023 - Tight range and potential for the breakout

Technical analysis: BTC/USD has been trading sideways at the price of $28.460 and I see potential for the breakout mode. Due to the strong upside trend in the background

Petar Jacimovic 09:17 2023-03-22 UTC+2

Technical Analysis of ETH/USD for March 22, 2023

Crypto Industry News: The administration of President Joe Biden published an economic report in which it was critical of cryptocurrencies. According to him, these are not an effective alternative

Sebastian Seliga 08:20 2023-03-22 UTC+2

Technical Analysis of BTC/USD for March 22, 2023

Crypto Industry News: Circle, the company responsible for issuing USD Coin (USDC) and Euro Coin (EUROC) stablecoins, has announced that it intends to expand its operations into France. It applied

Sebastian Seliga 08:19 2023-03-22 UTC+2
Can't speak right now?
Ask your question in the chat.