XRP/USD end the trading week at 0.5835 and continue to move within the correction and formation of the “Triangle” pattern. Moving averages indicate 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 0.5215. From where we should again expect an upward rebound and continued growth of the cryptocurrency to the area above the level of 0.7675.
XRP Forecast September 30 — October 4, 2024
An additional signal in favor of the growth of XRP quotes in the current trading week of September 30 — October 4, 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 “Triangle” pattern. The cancellation of the growth option for the Ripple cryptocurrency will be a fall in prices and a breakout of the 0.4975 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 0.2675. The growth of the cryptocurrency will be confirmed by a breakout of the resistance area and closing of quotes above the 0.6505 area, which will indicate a breakout of the upper border of the “Triangle” pattern and the beginning of the pattern with targets at the top.
XRP Weekly Forecast September 30 — October 4, 2024 suggests an attempt to test the support level near the 0.5215 area. From where we should expect continued growth of quotes with a potential target at the level of 0.7675. 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 0.4975 area. This will indicate a continuation of the fall with a target below the 0.2675 level.
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