XRP Weekly Forecast October 17 — 21, 2022

XRP/USD complete the trading week at 0.4956 and continue to move as part of the growth and the formation of the “Triangle” model. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, 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 bearish correction and test the support area near 0.4305. Where can we expect a rebound and continued growth of the cryptocurrency to the area above the level of 1.0075 again.

XRP Weekly Forecast October 17 — 21, 2022

An additional signal in favor of the growth of XRP quotes in the current trading week October 17 — 21, 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 0.3745 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 0.2625. The growth of the cryptocurrency will be confirmed by a breakdown of the resistance area and closing of quotes above the area of ​​0.6005, 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 17 — 21, 2022 suggests an attempt to test the support level near the 0.4305 area. Where should we expect continued growth of quotations with a potential target at the level of 1.0075. 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 0.3745 area. This will indicate a continuation of the fall with the target below the level of 0.2625.

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