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

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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.


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