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FX.co ★ Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday, February 21, 2025.

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Crypto Analysis:::2025-02-21T08:46:45

Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday, February 21, 2025.

Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday, February 21, 2025.

Although currently Ripple is still below the downtrend line, the appearance of Convergence between price movements and the Stochastic Oscillator indicator (5,3,3) gives an indication that in the near future there is potential for strengthening in this cryptocurrency where the level of 2.7545 will be tested and broken through upwards if successful then Ripple will potentially continue its strengthening to the level of 2.9342 as its main target and if the momentum and volatility of its strengthening support it then Ripple will continue its strengthening to 3.0676 but if on its way to the target levels that have been described suddenly Ripple weakens again until it breaks through and closes below the level of 2.4437 then all the strengthening rules that have been described previously will become invalid and automatically canceled by themselves.

(Disclaimer)

Analyst InstaForex
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