Ripple XRP/USD completes the trading week at 0.3178 and continue to move within the 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 continuation of the fall of the cryptocurrency into the area below the level of 0.1350.
Ripple weekly forecast & analysis September 3 — 7, 2018
In favor of lowering the quotes XRP/USD on the current trading week September 3 — 7, 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 0.4050, 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 in cryptocurrency will be the breakdown of the support area and the closing of quotes below the level of 0.2550.
Ripple weekly forecast & analysis September 3 — 7, 2018 suggests a resistance level test near the area of 0.3350, from which it is expected to continue falling 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 relative strength index (RSI), cancellation of the fall of the cryptocurrency will break through the area of 0.4050, which will indicate the completion of the bearish trend and continued growth.
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