XRP/USD complete the trading week at 0.5279 and continue to move as part of the growth and the bullish channel. Moving averages indicate the presence of a sideways trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of the growth of the cryptocurrency already from current levels. At the moment, we should expect an attempt to develop a correction and test the support area near 0.4205. Where can we expect a rebound again and the continued growth of the cryptocurrency to the area above the level of 0.6805.
XRP Weekly Forecast April 17 — 21, 2023
An additional signal in favor of the growth of XRP quotes in the current trading week April 17 — 21, 2023 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 bullish channel. Cancellation of the Ripple cryptocurrency growth option will be a fall in prices and a breakdown of the 0.3705 area. This will indicate a breakdown of the support area and a continued fall in XRP/USD quotes with a target below the level of 0.2805. The growth of the cryptocurrency will be confirmed by a breakdown of the resistance area and closing of quotes above the area of 0.5565.
XRP Weekly Forecast April 17 — 21, 2023 suggests an attempt to test the support level near the 0.4205 area. Where can we expect further growth of quotations with a potential target at the level of 0.6805. An additional signal in favor of the rise in the cost of XRP will be a test of the trend line on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be a breakdown of the 0.3705 area. This will indicate a continuation of the fall with the target below the level of 0.2805.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
