Ripple XRP/USD close the trading week at 0.4446 and continue to move as part of the correction. At the moment, we should expect an attempt to test the resistance level near 0.4850. Where again we should expect a rebound and the continuation of the fall of cryptocurrency in the region below the level of 0.2500.
Ripple weekly forecast & analysis October 22 — 26, 2018
In favor of reducing the XRP/USD quotes in the current trading week of October 22 — 26, 2018, a test of a broken trend line on the relative strength index (RSI) will be made. Cancellation of the option of falling Ripple cryptocurrency will be a strong growth and the breakdown of the 0.5300 area, which will indicate a breakdown of the lower boundary of the bullish channel and the continued growth of XRP/USD quotes. Confirmation of the fall of the cryptocurrency will be a breakdown of the support area and closing quotes of the lower level of 0.3500.
Ripple weekly forecast & analysis October 22 — 26, 2018 suggests an attempt to test the resistance level near the 0.4850 area, from where we can expect a further drop in quotations with a potential target of 0.2500, the additional signal in favor of the Ripple reduction will be a test of the trend line on the relative strength index (RSI), canceling the fall of the cryptocurrency will make a breakdown of the 0.5300 area, which will indicate continued growth.