Ripple XRP/USD close the trading week at 0.3191 and continue to move in line with the decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to fall and a test of the support level near the area of 0.2855. Where once again we should expect a rebound and continued growth of cryptocurrency in the area above the level of 0.4585.
Ripple Forecast and Analysis April 15 — 19, 2019
In favor of the growth of XRP/USD quotes in the current trading week of April 15 — 19, 2019, a test of the rising trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the option of raising the Ripple cryptocurrency will be the fall and the breakdown of the 0.2545 area. This will indicate a breakdown of the support area and the continuation of the fall in XRP/USD quotes. Confirmation of the growth of cryptocurrency will be the breakdown of the resistance area and the closure of quotes above the level of 0.3985.
Ripple Forecast and Analysis April 15 — 19, 2019 involves an attempt to test the support level near the 0.2855 area. Where can we expect the growth of quotations to continue with a potential goal at 0.4585. An additional signal in favor of raising Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of cryptocurrency growth will be a breakdown of the 0.2545 area. This will indicate a continuation of the fall.