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XRP Forecast and Analysis XRP/USD March 23 — 27, 2020

XRP/USD end the trading week at 0.1555 and continue to move as part of the correction and the downward channel. Moving averages indicate a bearish trend. Prices have pierced the area between the signal lines down, which indicates pressure from sellers. At the moment, we should expect an attempt to develop a fall and test the support area near 0.1005. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3265.

XRP Forecast and Analysis XRP/USD March 23 — 27, 2020

An additional signal in favor of the growth of XRP/USD quotes in the current trading week March 23 — 27, 2020 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the support area. Cancellation of the Ripple cryptocurrency growth option will be a fall and a breakdown of the 0.0805 area. This will indicate a breakdown of the support area and a continued decline in XRP/USD quotes with a target below the level of 0.0465. A confirmation of the growth of the cryptocurrency will be a breakdown of the resistance area and closing of quotations above the 0.1995 area.

XRP Forecast and Analysis XRP/USD March 23 — 27, 2020

XRP Forecast and Analysis XRP/USD March 23 — 27, 2020 implies an attempt to test the support level near the area of ​​0.1005. Where can we expect continued growth of quotations with a potential target at the level of 0.3265. An additional signal in favor of the fall of Ripple will be a test of the trend line on the relative strength index (RSI). The cancellation of the option to reduce cryptocurrency will be the breakdown of the area of ​​0.0805. This will indicate a continued decline with a target below the level of 0.0465.

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