22.09.202306:03 Forex Analysis & Reviews: Technical Analysis of Intrday Price Movement of Ripple Cryptocurrency, Friday September 22, 2023.

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If we look at the 4-hour chart, the Ripple cryptocurrency appears to be moving in ranging conditions, but it can be seen that Buyers are starting to try to dominate, which can be seen from the CCI indicator which has managed to penetrate its 3 main levels (-100, 0, & 100) and the price is moving above its Moving Average. which coincidentally also has an upward slope so that based on these data, this Cryptocurrency in the near future has the potential to appreciate upwards to test the Equal High level of 0.5244 as long as there is no downward correction that exceeds the 0.4863 level and Ripple succeeds in breaking above the 0.5244 level. then Ripple has the potential to rally upwards to test the level of 0.5490.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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