empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

23.05.202509:04 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday May 23, 2025.

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 23.05.2025 analysis

If we look at the 4-hour chart of the Ripple cryptocurrency, it appears to be moving above the WMA (21) which has a steep slope and has successfully broken out above the High Value Area level (yellow) and then continues to move above the blue area (average) and is in the BUYERS sentiment area which is quite significant, then in the near future Ripple has the potential to strengthen up to the level of 2.5190 as its first target and if the volatility and momentum of its strengthening support it, then 2.5534 will be the second target that Ripple will aim for, but it is also necessary to pay attention to the potential for a weakening correction indicated by the appearance of the Rising Wedge pattern and "No Demand Bar" where the distance of the last small Candle body is followed by the last volume bar which is lower than the previous 2 volume bars, thus giving a signal indicating a "Sign Of Weakness (SOS) but as long as the weakening correction does not break and close below the level of 2.2840, the strengthening scenario for Ripple that has been described previously will continue.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2025

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade



You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.
Widget callback

Turn "Do Not Track" off