Ripple XRP/USD end the trading week at 0.2512 and continue to move as part of the decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to rise and test the resistance area near 0.3115. Where again we should expect a rebound and continued fall of the cryptocurrency to the area below the level of 0.1495.
Ripple Forecast and Analysis September 2 — 6, 2019
In favor of reducing the XRP/USD quotes in the current trading week September 2 — 6, 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 0.3545 area. This will indicate a breakdown of the resistance area and continued growth of XRP/USD quotes with a target above the level of 0.3965. A confirmation of the fall of the cryptocurrency will be a breakdown of the support level and closing of quotes below the area of 0.2045.
Ripple Forecast and Analysis September 2 — 6, 2019 involves an attempt to test the resistance level near the area of 0.3115. Where can we expect the continuation of the fall in quotations with a potential target at the level of 0.1495. 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 a breakdown of the area of 0.3545. This will indicate a continuation of the rise with the target above the level of 0.3945.