The Ripple cryptocurrency is traded at 0.3276 and continues to move as part of a fall and a descending channel. XRP/USD quotes move under the Ichimoku Kinko Hyo cloud. This indicates the presence of a bear’s trend in Ripple. As part of the prediction of the digital currency course for September 2, 2022. The development of the asset correction and the lower boundary of the cloud of the Ichimoku Kinko Hyo indicator are expected near 0.3345. Where to expect a rebound down and an attempt to continue the fall in the cost of the XRP cryptocurrency with a potential target near 0.2685.
XRP Forecast and Analysis September 2, 2022
An additional signal in favor of reducing the XRP/USD cryptocurrency will be a resistance test in the cryptocurrency price schedule. The second signal will be the rebound from the upper boundary of the descending channel. Previously, a medium force was obtained for Ripple cryptocurrency sales. The signal was formed due to the intersection of signal lines at 0.3405. The nearest Ripple resistance area is located at 0.3495. The support area for XRP/USD is located at 0.3025.
The cancellation of the option of reducing the Ripple cryptocurrency in the framework of the forecast will be a strong increase in the asset quotes and the breakdown of the upper boundary of the ICHIMOKU Kinko HYO cloud with a price of 0.3665. This option will indicate a change in the bear’s trend on the XRP in favor of a bull tendency and the continuation of the increase in the value of a digital asset. Expecting the acceleration of the fall of the XRP/USD quotes is with a breakdown of the support area and closing the price under a level of 0.3005.
XRP Forecast and Analysis September 2, 2022 involves an attempt to correct cryptocurrency and a level of level 0.3345. Where to expect the continuation of the fall of the Ripple course with a potential goal near 0.2685. The cancellation of the option of reducing cryptocurrency will be a strong increase in prices and a breakdown of the area 0.3665. In this case, it is worth expecting a continuation.
