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Ripple Price Movement For May 08, 2020

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Today, according to the 4-hour chart, Ripple looks like ready to hit the nearest Liquidity Pool at 0.2243 as the first target and 0.2331 as the second target. From the technical viewpoint, this condition has been already confirmed by the CCI (30). So, the price has been already moving above the -100 and 0 levels. This scenario will be canceled if the Ripple retraces downwards below the level of 0.2048.

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The material has been provided by InstaForex Company - www.instaforex.com