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09.12.202207:42 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday December 09 2022.

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If we look at the 4-hour chart of the Ripple Cryptocurrency, you can see the appearance of the Descending Broadening Wedge pattern so that it has an impact in the future, in the near future Ripple has the potential to appreciate an upward rally with the main target being the 0.4146 level as the main target and if it is successfully broken above, then the 0.4332 level will be the next target to go to with a note that during its journey to that target Ripple has not been corrected down significantly beyond the 0.3714 level because if this level is exceeded, then it is very likely that the upward rally scenario described earlier will become invalid and cancel with itself.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

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