XRP Weekly Forecast October 10 — 14, 2022

XRP/USD complete the trading week at 0.5120 and continue to move as part of the growth 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 correction and test the support area near 0.4825. Where can we expect a rebound and continued growth of the cryptocurrency to the area above the level of 0.8506 again.

XRP Weekly Forecast October 10 — 14, 2022

An additional signal in favor of the growth of XRP quotes in the current trading week October 10 — 14, 2022 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 “Triangle” model. Cancellation of the Ripple cryptocurrency growth option will be a fall in prices and a breakdown of the 0.6055 area. This will indicate a breakdown of the resistance area and continued growth of XRP/USD quotes with a target above the level of 0.7505. The growth of the cryptocurrency will be confirmed by the breakdown of the resistance area and the closing of quotes above the area of ​​0.5405, which will indicate the breakdown of the upper border of the “Triangle” model and the beginning of the pattern with targets at the top.

XRP Weekly Forecast October 10 — 14, 2022 suggests an attempt to test the support level near the 0.4825 area. Where can we expect the continuation of the growth of quotations with a potential target at the level of 0.8506. 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 0.6055 area. This will indicate a continuation of the fall with the target below the level of 0.7505.

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