Ripple XRP/USD close the trading week at 0.2932 and continue to move as part of 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 0.2800 area. Where once again we should expect a rebound and continued growth of cryptocurrency in the region above the level of 0.5145.
Ripple Forecast and Analysis February 11 — 15, 2019
In favor of the growth of XRP/USD quotes in the current trading week on February 11 — 15, 2019, a test of the rising trend line on the relative strength index (RSI) will be made. Cancellation of the growth option Ripple cryptocurrency will fall and the breakdown of the 0.2350 area. This will indicate a breakdown of the support area and the continuation of a fall in XRP/USD quotes. Confirmation of cryptocurrency growth will be a breakdown of the upper boundary of the ascending channel and closing of quotes above the level of 0.4100.
Ripple Forecast and Analysis February 11 — 15, 2019 suggests an attempt to test the support level near the 0.2800 area. Where can we expect the growth of quotations to continue with a potential goal at the level of 0.5145. An additional signal in favor of raising Ripple will be a test of the trend line on the relative strength index (RSI). The cancellation of the growth of cryptocurrency will be the breakdown of the 0.2350 area. This will indicate a continuation of the fall.