## Hey Guys..!!

Meet again with me Wahyu Nahrul, This time I want to make a brief technical analysis of a cryptocurrency chart, the analysis I made is based on my experience and knowledge.

![rounded-in-photoretrica (49).png](https://cdn.steemitimages.com/DQmcZ5NWC5ErktZKY9K2DcVWk7nae9rCaBVSZzTJ1CN8u7x/rounded-in-photoretrica%20(49).png)_{***Made on PowerPoint***} Alright, let's get straight into the discussion, Happy reading!! ![Pembatas Utama.png](https://cdn.steemitimages.com/DQmUqV2VAknQE4ZTKUNQVk7dC6abcYzoN63AdevUPzmqmB4/Pembatas%20Utama.png) # Ripple (XRP) Analysis Today, February 02, 2024, I will try to analyze the price movement of Ripple technically. ![Slide1.PNG](https://cdn.steemitimages.com/DQmdUqxHWSGecW6RnY5hhuSXhUteWCd2saYZKpTtPQ2r9Zr/Slide1.PNG) *SOURCE: [TradingView](https://www.tradingview.com/)* If we look at the price movement of XRP in general, we can see that XRP is in a very deep bearish phase. We can see this in the XRP price movement pattern in the chart above where the candlestick tends to move downwards if we look closely. ![Slide3.PNG](https://cdn.steemitimages.com/DQmexUrmfYKN464Dskn1twSYLVLKLiCev4bzULjPtt8nGNL/Slide3.PNG) *SOURCE: [TradingView](https://www.tradingview.com/)* This is confirmed by the EMA Indicator with a Death Cross occurring between the 100 EMA and 200 EMA. ![Slide4.PNG](https://cdn.steemitimages.com/DQmSWRUS35KjFyPSKKm7TJJmg9LHcJqAR7SVFV83BjynfyG/Slide4.PNG) *SOURCE: [TradingView](https://www.tradingview.com/)* Further confirmation was also given by the ADX indicator with the presence of a cross between the two DI lines where the DI- the line moved above the DI+ line. ![Slide5.PNG](https://cdn.steemitimages.com/DQmamhMHerU2sPvTpmhbggSdVJQDHxWtTQXpRjviT5B7oY8/Slide5.PNG) *SOURCE: [TradingView](https://www.tradingview.com/)* Not to forget, the RSI indicator shows that there is an oversold phase in the XRP/USD market, we can prove this by moving the RSI line below the Lower Band which is the lower limit of the RSI indicator. ![Pembatas Sub.png](https://cdn.steemitimages.com/DQmUjUshtBLPP4fERXpS2DNJDvqExzURhrdzFSU4sNftjky/Pembatas%20Sub.png) ###

Disclaimer:

This analysis is not an invitation to buy or sell any asset, it is just a short analysis intended for learning. Remember! don't use the analysis I did as a benchmark in investing or trading, always do your analysis and research first before making any decisions.

![Pembatas Sub.png](https://cdn.steemitimages.com/DQmUjUshtBLPP4fERXpS2DNJDvqExzURhrdzFSU4sNftjky/Pembatas%20Sub.png)