Ripple XRP/USD complete the trading week at 0.2892 and continue to move as part of the correction and the formation of the inverted «Head and Shoulders» model. Moving averages indicate a downward trend. At the moment, we should expect an attempt to develop a correction and test the support area near 0.2575. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.4480.
Ripple Forecast and Analysis September 23 — 27, 2019
In favor of the growth of XRP/USD quotes in the current trading week September 23 — 27, 2019, a test of the ascending trend line on the relative strength index (RSI) will come out. The second signal will be a rebound from the level of formation of the «Right Shoulder» of the reversal model. Cancellation of the growth option of the Ripple cryptocurrency will be a fall and a breakdown of the 0.2155 area. This will indicate a breakdown of the support area and a continued decline in XRP/USD quotes with a target below the level of 0.1665. A confirmation of the growth of the cryptocurrency will be a breakdown of the resistance level and closing of quotations above the 0.3505 area.
Ripple Forecast and Analysis September 23 — 27, 2019 involves an attempt to test the support level near the 0.2575 area. Where can we expect continued growth of quotations with a potential target at the level of 0.4480. An additional signal in favor of the Ripple rise will be a test of the trend line on the relative strength index (RSI). The cancellation of the cryptocurrency growth option will be the breakdown of the 0.2155 area. This will indicate a continued fall with a target below the level of 0.1665.