Ripple XRP/USD close the trading week at the level of 0.3105 and continue to move as part of the decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.3570. Where again we should expect a rebound and the continuation of the decline of cryptocurrency in the region below the level of 0.2100.
Ripple Forecast and Analysis February 4 — 8, 2019
In favor of the fall of XRP/USD quotes in the current trading week on February 4 — 8, 2019, a test of the downward trend line on the relative strength index (RSI) will be made. As well as a rebound from the upper boundary of the descending channel. Cancellation of the option of falling Ripple cryptocurrency will be a strong growth and the breakdown of the 0.4250 area. This will indicate a breakdown of the upper boundary of the channel and the continued growth of XRP/USD quotes. A confirmation of the decline in cryptocurrency will be a breakdown of the lower boundary of the ascending channel and closing of quotes below the level of 0.2950.
Ripple Forecast and Analysis February 4 — 8, 2019 implies an attempt to test the resistance level near 0.3570. Where can we expect the continuation of the fall in quotations with a potential goal at the level of 0.2100. An additional signal to reduce Ripple will be a test of the trend line on the relative strength index (RSI). The cancellation of the fall of the cryptocurrency will be a breakdown of the 0.4250 area. This will indicate continued growth.
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