XRP/USD end the trading week at the level of 0.5832 and continue to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.4755. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 0.8955.
Cryptocurrency XRP Forecast and Analysis April 5 — 9, 2021
An additional signal in favor of the growth of XRP quotes in the current trading week April 5 — 9, 2021 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ascending channel. Cancellation of the growth option for the Ripple cryptocurrency will be a fall in prices and a breakdown of the 0.3655 area. This will indicate a breakdown of the support area and a continued fall in XRP/USD quotes with a target below 0.2745. Confirmation of the growth of the cryptocurrency will be the breakdown of the resistance area and the closing of quotations above the 0.6745 area, which will indicate a breakdown of the upper boundary of the ”Triangle” model.
Cryptocurrency XRP Forecast and Analysis April 5 — 9, 2021 suggests an attempt to test the support level near the 0.4755 area. Where can we expect the continued growth of quotations with a potential target at the level of 0.8955. An additional signal in favor of a rise in XRP value will be a test of the trend line on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be the breakdown of the 0.3655 area. This will indicate a continued decline with a target below 0.2745.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
