XRP/USD end the trading week at the level of 0.5689 and continue to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.4805. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the level of 0.8855.
XRP Forecast and Analysis XRP/USD December 21 — 25, 2020
An additional signal in favor of the growth of XRP quotes in the current trading week, the week of December 21 — 25, 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 border of the ascending channel. Cancellation of the growth option for the Ripple cryptocurrency will be a fall in prices and a breakdown of the 0.3825 area. This will indicate a breakdown of the support area and a continued fall in XRP/USD quotes with a target below 0.2255. Confirmation of the growth of the cryptocurrency will be a breakdown of the resistance area and closing of quotations above the 0.6995 area.
XRP Forecast and Analysis XRP/USD December 21 — 25, 2020 implies an attempt to test the support level near the 0.4805 area. Where can we expect continued growth in quotations with a potential target at the level of 0.8855. An additional signal in favor of a rise in XRP value will be a test of the trend line on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be the breakdown of the 0.3825 area. This will indicate a continued decline with a target below 0.2255.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
