Ripple XRP/USD close the trading week at 0.3291 and continue to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate a downward trend. At the moment, we should expect an attempt to fall and a test of the support level near 0.3075. Where once again we should expect a rebound and continued growth of cryptocurrency in the region above the level of 0.5170.
Ripple Forecast and Analysis April 22 — 26, 2019
In favor of the growth of XRP/USD quotes in the current trading week of April 22 — 26, 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 lower boundary of the «Triangle» model. Cancellation of the option of raising the Ripple cryptocurrency will be the fall and the breakdown of the 0.2585 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 closing of quotations above the level of 0.3995.
Ripple Forecast and Analysis April 22 — 26, 2019 involves an attempt to test the support level near 0.3075. Where can we expect the growth of quotations to continue with a potential goal at the level of 0.5170. 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 0.2585 area. This will indicate a continuation of the fall.