Ripple XRP/USD close the trading week at 0.3401 and continue to move in line with the decline. Moving averages indicate a lateral trend. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.3685. Where once again we should expect a rebound and the continuation of the fall of cryptocurrency in the region below the level of 0.1945.
Ripple Forecast and Analysis July 15 — 19, 2019
In favor of lowering XRP/USD quotes in the current trading week of July 15 — 19, 2019, a test of a broken trend line on the relative strength indicator will be made. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the option of falling Ripple cryptocurrency will be a strong growth and the breakdown of the 0.3005 area. This will indicate the breakdown of the resistance area and the continuation of the rise of XRP/USD quotes. A confirmation of the decline in cryptocurrency will be the breakdown of the lower boundary of the ascending channel and the closing of quotes below the level of 0.2950.
Ripple Forecast and Analysis July 15 — 19, 2019 involves an attempt to test the resistance level near 0.3685. Where can we expect the continuation of the fall in quotations with a potential goal at the level of 0.1945. An additional signal in favor of reducing Ripple will be a test of the trend line on the indicator of relative strength. The cancellation of the fall of the cryptocurrency will be a breakdown of the 0.3005 area. This will indicate a continuation of the climb with a target above the level of 0.3655.