Ripple XRP/USD close the trading week at 0.4096 and continue to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate an uptrend. At the moment, we should expect an attempt to fall and a test of the support level near the area of 0.3955. Where once again we should expect a rebound and continued growth of cryptocurrency in the region above the level of 0.7015.
Ripple Forecast and Analysis July 1 — 5, 2019
In favor of the rise of XRP/USD quotes in the current trading week of July 1 — 5, 2019, a test of an uptrend trend on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the bullish channel. Cancellation of the growth option Ripple cryptocurrency will fall and the breakdown of 0.3135 area. This will indicate a breakdown of the support area and a continued decline in XRP/USD quotes. Confirmation of the rise of the cryptocurrency will break the resistance area and close the quotes above the level of 0.5185.
Ripple Forecast and Analysis July 1 — 5, 2019 implies an attempt to test the support level near 0.3955. Where can we expect the growth of quotations to continue with a potential goal at the level of 0.7015. 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 area of 0.3135. This will indicate a continuation of the decline with a target below the level of 0.2545.