Ripple XRP/USD completes the trading week at 0.3128 and continue to move in a bearish trend. At this point, we should expect a test of resistance level near the area of 0.3350. Whence again we should expect a rebound and the continued fall of the cryptocurrency into the area below the level of 0.1850.
Ripple weekly forecast & analysis August 27 — 31, 2018
In favor of lowering the quotes of XRP/USD on the current trading week on August 27 — 31, 2018, a downtrend test on the relative strength index (RSI) will perform. Cancellation of the variant of the Ripple crypto currency fall will be a strong growth and breakdown of the area of 0.4250, which will indicate the breakdown of the resistance area and the continuation of the growth of quotations XRP/USD. Confirmation of the decrease in the cryptocurrency will be the breakdown of the support area and the closing of quotations below the level of 0.2350.
Ripple weekly forecast & analysis August 27 — 31, 2018 suggests an attempt to test the resistance level near the area of 0.3350, where it is expected to continue falling quotations with a potential target at 0.1850, an additional signal in favor of the Ripple decline is the trend line test on the relative strength index (RSI), cancellation of the fall of the cryptocurrency will break through the area of 0.4250, which will indicate the completion of the downward trend and continued growth.
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