Ripple XRP/USD end the trading week at 0.2544 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 0.2845. Where again we should expect a rebound and continued fall of the cryptocurrency to the area below the level of 0.1695.
Ripple Forecast and Analysis September 9 — 13, 2019
In favor of reducing the XRP/USD quotes in the current trading week September 9 — 13, 2019, a test of the downward trend line on the relative strength index (RSI) will be made. 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 0.3455 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 of the cryptocurrency will be a breakdown of the support level and closing of quotations below the area of 0.2065.
Ripple Forecast and Analysis September 9 — 13, 2019 suggests an attempt to test the resistance level near the 0.2845 area. Where can we expect the continuation of the fall in quotations with a potential target at the level of 0.1695. An additional signal in favor of reducing Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be a breakdown of the area of 0.3455. This will indicate a continuation of the rise with a target above the level of 0.3855.