Ripple XRP/USD completes the trading week at 0.2976 and continue to move in a bearish trend. At this point, we should expect an attempt to test the resistance level near the area of 0.4050. Whence again we should expect a rebound and the continuation of the fall of the cryptocurrency into the area below the level of 0.1000.
Ripple weekly forecast & analysis August 20 — 24, 2018
In favor of lowering the quotations of XRP/USD, a downtrend test on the relative strength index (RSI) will perform. Cancellation of the variant of the Ripple cryptocurrency fall will be a strong growth and breakdown of the area of 0.4550, which will indicate the breakdown of the resistance area and the continuation of the growth of XRP/USD quotes. Confirmation of the decrease of the cryptocurrency will be the breakdown of the support area and the closing of quotations below the level of 0.2250.
Ripple weekly forecast & analysis August 20 — 24, 2018 suggests an attempt to test the resistance level near the area of 0.4050, where it is expected to continue falling of quotations with a potential target at the level of 0.1000, an additional signal in favor of Ripple decline will be a trend line test on the indicator of relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
