Ripple XRP/USD close the trading week at 0.2879 and continue to move in line with the decline. Moving averages indicate a downward trend. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.3555. Where again we should expect a rebound and the continuation of the fall of cryptocurrency in the region below the level of 0.1550.
Ripple Forecast and Analysis April 29 — May 3, 2019
In favor of the fall of XRP/USD quotes in the current trading week of April 29 — May 3, 2019, a test of the broken trend line on the relative strength index (RSI) will come out. Cancellation of the option to reduce the Ripple cryptocurrency will be a strong growth and the breakdown of the 0.3895 area. This will indicate a breakdown of the resistance area and continued growth of XRP/USD quotes. Confirmation of the fall of the cryptocurrency will be a breakdown of the support area and closing of quotes below the level of 0.2695.
Ripple Forecast and Analysis April 29 — May 3, 2019 involves an attempt to test the resistance level near the area of 0.3555. Where can we expect the continuation of the fall in quotations with a potential goal at the level of 0.1550. An additional signal in favor of reducing Ripple will be a test of the trend line on the indicator of relative strength index (RSI). Cancellation of the decline in cryptocurrency will be the breakdown of the 0.3895 area. This will indicate a continuation of the climb with a target above the level of 0.4435.
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