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29.07.202006:39 Forex Analysis & Reviews: Ripple Price Movement On July 29, 2020

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 29.07.2020 analysis

On the 4-hour chart, we see that Ripple is heading toward the $0.2445 level, although there is a potential reversal of this cryptocurrency. This scenario has been already confirmed by the Stochastic Oscillator above the overbought level. As long as Ripple does not retrace lower than the $0.2153 level, the bullish scenario is set to continue.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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