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FX.co ★ Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday, July 14 2023.

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Crypto Analysis:::2023-07-14T06:29:46

Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday, July 14 2023.

Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday, July 14 2023.

On the daily chart for Ripple Cryptocurrency, you can see that the CCI indicator has managed to penetrate above three levels -100, 0, & 100. This indicates that the bull momentum is quite strong, even though it is currently stuck in the Bullish Fair Value Gap (Cyan Box) level area 77.11 - 64.16 where this level acts like a support level area where as long as Ripple does not experience a significant downward correction below the 61.11 level, Ripple has the potential to rally up to the 93.76 level.

(Disclaimer)

Analyst InstaForex
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