XRP/USD end the trading week at 0.1835 and continue to move as part of the correction and the downward channel. Moving averages indicate a bearish trend. Prices pushed from the area between the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to develop a fall and test the support area near 0.0885. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3005.
XRP Forecast and Analysis XRP/USD April 13 — 17, 2020
An additional signal in favor of the growth of XRP/USD quotes in the current trading week April 13 — 17, 2020 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the growth option of the Ripple cryptocurrency will be a fall and a breakdown of the area of 0.0705. This will indicate a breakdown of the support area and a continued decline in XRP/USD quotes with a target below the level of 0.0415. A confirmation of the growth of the cryptocurrency will be a breakdown of the resistance area and closing of quotations above the 0.2205 area.
XRP Forecast and Analysis XRP/USD April 13 — 17, 2020 suggests an attempt to test the support level near the area of 0.0885. Where can we expect continued growth of quotations with a potential target at the level of 0.3005. An additional signal in favor of the fall of Ripple will be a test of the trend line on the relative strength index (RSI). The cancellation of the option to reduce cryptocurrency will be the breakdown of the area of 0.0705. This will indicate a continued decline with a target below the level of 0.0415.
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