Ripple XRP/USD end the trading week at 0.2564 and continue to move as part of the decline. Moving averages indicate a downward trend. At the moment, we should expect an attempt to rise and test the resistance area near 0.2805. Where again we should expect a rebound and continued fall of the cryptocurrency to the area below the level of 0.1550.
Ripple Forecast and Analysis August 19 — 23, 2019
In favor of reducing the XRPUSD quotes in the current trading week of August 19 — 23, 2019, a test of the downward trend line on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the fall option of the Ripple cryptocurrency will be a strong growth and a breakdown of the 0.3450 area. This will indicate a breakdown of the resistance area and continued growth of XRP/USD quotes with a target above the level of 0.3855. A confirmation of the fall in cryptocurrency will be a breakdown of the support level and closing of quotes below the area of 0.2005.
Ripple Forecast and Analysis August 19 — 23, 2019 involves an attempt to test the resistance level near the area of 0.2805. Where can we expect the continuation of the fall in quotations with a potential target at the level of 0.1550. An additional signal in favor of reducing Ripple will be a test of the trend line on the relative strength index (RSI). The cancellation of the option of falling cryptocurrency will be the breakdown of the 0.3450 area. This will indicate a continuation of the rise with a target above the level of 0.3855.
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