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If we look at the 4-hour chart of the Ripple cryptocurrency, there appears to be a Divergence between the Ripple price movement and the Stochastic Oscillator indicator and the appearance of the Bullish 123 pattern followed by the Bullish Ross Hook (RH). These two facts provide information that in the near future Ripple has the potential to strengthen where the level of 2.6202 will be tested to be broken and closed above it. If successful, Ripple will continue to strengthen again to 2.7635 and if the strengthening momentum and volatility support 2.9953 will be the next target to be targeted, but if there is a significant correction to breaks and close below the level of 2.3084, all the strengthening scenarios that have been described earlier will become invalid and canceled by themselves.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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