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FX.co ★ Technical Analysis of Daily Price Movement of Ripple Cryptocurrency, Friday March 10, 2023.

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Forex Analysis:::2023-03-10T05:22:09

Technical Analysis of Daily Price Movement of Ripple Cryptocurrency, Friday March 10, 2023.

Technical Analysis of Daily Price Movement of Ripple Cryptocurrency, Friday March 10, 2023.

There are 2 interesting things on Ripple Cryptocurrency daily chart:

1. The appearance of deviation between price and Awesome Oscillator indicator.

2. Formation of Bullish Continuation Failing Wedge pattern.

Based on 2 things above it is very likely that Ripple will appreciate up and up to break above the 0.3988 level. If this level is successfully broken, then the 0.4305 level will be the target for the next level which will be tested in the next few days provided there is no downward correction that exceeds the 0.3502 level because if this level If it is successfully penetrated below, all Bull scenarios that have been described will become invalid and cancel automatically.

(Disclaimer)

Analyst InstaForex
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