Ripple XRP/USD completes the trading week at 0.2861 and continue to move in a bearish trend. At this point, we should expect a test of resistance level near the area of 0.3120. Whence again we should expect a rebound and the continuation of the fall of the cryptocurrency into the area below the level of 0.1350.
Ripple weekly forecast & analysis September 10 — 14, 2018
In favor of lowering the price of XRP/USD on the current trading week on September 10 — 14, 2018, 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 0.3750, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of quotations XRP/USD. Confirmation of the decrease of the cryptocurrency will be the breakdown of the support area and the closing of quotations below the level of 0.2150.
Ripple weekly forecast & analysis September 10 — 14, 2018 suggests an attempt to test the resistance level near the area of 0.3120, where it is expected to continue falling of quotations with a potential target at the level of 0.1350, an additional signal in favor of Ripple decline will be a trend line test on the indicator of relative strength index (RSI).