Ripple XRP/USD close the trading week at 0.5108 and continue to move in the ascending channel. At the moment, we should expect an attempt to test the support level near the area of 0.4350. Where once again we should expect a rebound and continued growth of cryptocurrency in the region above the level of 0.8050.
Ripple weekly forecast & analysis October 8 — 12, 2018
In favor of the growth of XRP/USD quotes in the current trading week of October 8 — 12, 2018, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the Ripple cryptocurrency growth option will be a fall and a breakdown of the 0.3850 area, which will indicate a breakdown of the lower boundary of the «Triangle» model and the continuation of the fall in XRP/USD quotes. Confirmation of the growth of cryptocurrency will be a breakdown of the upper limit of the «Triangle» model and the closure of quotes above the level of 0.5850.
Ripple weekly forecast & analysis October 8 — 12, 2018 suggests an attempt to test the support level near the 0.4350 area, from which one can expect continued growth of quotations with a potential target of 0.8050, an additional signal in favor of Ripple growth will be a test of the trend line on the relative strength index (RSI), cancellation cryptocurrency growth will make a breakdown of the area of 0.3850, which will indicate a continuation of the fall.