XRP/USD complete the trading week at 0.4256 and continue to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate a bearish 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 bullish correction and test the resistance area near 0.4385. Where can we expect a rebound down again and a continuation of the fall of the cryptocurrency to the area below the level of 0.1785.
XRP Weekly Forecast March 27 — 31, 2023
An additional signal in favor of falling XRP quotes in the current trading week March 27 — 31, 2023 will be a test of the resistance line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the “Triangle” model. Cancellation of the fall option for the Ripple cryptocurrency will be a strong rise in prices and a breakdown of the 0.5365 area. This will indicate a breakdown of the resistance area and continued growth of XRP/USD quotes with a target above the level of 0.6455. The fall of the cryptocurrency will be confirmed by a breakdown of the support area and closing of quotes below the area of 0.3085, which will indicate a breakdown of the lower border of the “Triangle” model and the beginning of the pattern with targets at the bottom.
XRP Weekly Forecast March 27 — 31, 2023 suggests an attempt to test the resistance level near the 0.4385 area. Where should we expect the quotes to continue falling with a potential target at the level of 0.1785. An additional signal in favor of a decrease in the cost of XRP will be a test of the trend line on the relative strength index (RSI). Cancellation of the cryptocurrency fall option will be a breakdown of the 0.5365 area. This will indicate continued growth with a target above the level of 0.6455.
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