Ripple XRP/USD completes the trading week at 0.2735 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 0.3000. Whence again we should expect a rebound and the continuation of the fall of the cryptocurrency into the area below the level of 0.1550.
Ripple weekly forecast & analysis September 17 — 21, 2018
In favor of lowering the quotes XRP/USD on the current trading week on September 17 — 21, 2018 will test the bearish trend line on the indicator of relative strength index (RSI). Cancellation of the variant of the Ripple cryptocurrency fall will be a strong growth and breakdown of the area of 0.3350, 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 17 — 21, 2018 suggests an attempt to test the resistance level near the area of 0.3000, from which it is expected to continue falling of quotations with a potential target at the level of 0.1550, an additional signal in favor of Ripple decline will be a trend line test on the indicator of relative strength index (RSI).