Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday 01 September 2023.

If we look at the 4-hour chart of the Ripple cryptocurrency, it can be seen that this cryptocurrency is moving in a fairly narrow sideways condition, but based on the stochastic Oscillator indicator which crosses upwards, it gives an indication that in the near future Ripple has the potential to rise upwards to test the 0.5484 level. If this level has been successfully broke above, Ripple has the potential to continue its strengthening up to the 0.5871 level, unless on its way to the levels mentioned above, suddenly this cryptocurrency turns down and bro below the 0.4954 level, then all the rally scenarios described previously will become is invalid and automatically cancels itself.

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