XRP/USD complete the trading week at the level of 0.2761 and continue to move as part of the growth and the beginning of the development of the bullish «Wolfe Wave» model. Moving averages indicate a bearish trend. Prices continue to build on signal lines, indicating bearish pressure. At the moment, we should expect an attempt to continue the correction and test the support area near 0.2215. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.5265 as part of the development of the bullish «Wolfe Wave» model.
XRP Forecast and Analysis XRP/USD February 10 — 14, 2020
In favor of the growth of XRP/USD quotes in the current trading week, February 10 — 14, 2020, a test of the support line on the relative strength index (RSI) will come out. The second signal will be a rebound from the upper boundary of the bullish model «Wolfe Wave». Cancellation of the Ripple cryptocurrency growth option will be a fall and a breakdown of the 0.1505 area. This will indicate a breakdown of the support area and a continued decline in XRP/USD quotes with a target below the level of 0.1245. A confirmation of the growth of the cryptocurrency will be a breakdown of the resistance area and closing of quotations above the area of 0.2965.
XRP Forecast and Analysis XRP/USD February 10 — 14, 2020 suggests an attempt to test the support level near the 0.2215 area. Where can we expect continued growth of quotations with a potential target at the level of 0.5265. 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 a breakdown of the area of 0.1505. This will indicate a continued decline with a target below the level of 0.1245.
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