XRP/USD end the trading week at 0.8208 and continue to move within the framework of growth development and the beginning of the “Triangle” model development. Moving averages indicate the presence of a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of the growth of the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.6995. From where we should again expect an upward rebound and continuation of the growth of the cryptocurrency to the area above the level of 1.0865.
XRP Forecast November 18 — 22, 2024
An additional signal in favor of the growth of XRP quotes in the current trading week of November 18 — 22, 2024 will be a test of the support line on the relative strength indicator. The second signal will be a rebound from the lower border of the bullish channel. The cancellation of the growth option for the Ripple cryptocurrency will be a fall in prices and a breakout of the 0.6505 area. This will indicate a breakout of the support area and a continuation of the fall of XRP/USD quotes with a target below the level of 0.4505. The growth of the cryptocurrency will be confirmed by a breakout of the resistance area and closing of quotes above the 0.9505 area.
XRP Forecast November 18 — 22, 2024 suggests an attempt to test the support level near the 0.6995 area. From where we should expect continued growth of quotes with a potential target at 1.0865. An additional signal in favor of an increase in the value of XRP will be a test of the trend line on the relative strength indicator. The cancellation of the growth option for the cryptocurrency will be a breakout of the 0.6505 area. This will indicate a continuation of the fall with a target below the 0.4505 level.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
