Ripple XRP/USD close the trading week at 0.3130 and continue to move as part of 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 0.3675. Where again we should expect a rebound and the continuation of the fall of cryptocurrency in the region below the level of 0.2115.
Ripple Forecast and Analysis July 29 — August 2, 2019
In favor of reducing the XRP/USD quotes in the current trading week of July 29 — August 2, 2019, a test of the downward trend line on the relative strength indicator will be made. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the option of falling Ripple cryptocurrency will be a strong growth and the breakdown of the 0.4145 area. This will indicate the breakdown of the resistance area and the continuation of the rise of XRP/USD quotes with a target above the level of 0.4755. A confirmation of the decline in cryptocurrency will be the breakdown of the lower border of the ascending channel and the closing of quotes below the level of 0.2650.
Ripple Forecast and Analysis July 29 — August 2, 2019 involves an attempt to test the support level near the area of 0.3675. Where can we expect the continuation of the fall in quotations with a potential target at the level of 0.2115. An additional signal in favor of reducing Ripple will be a test of the trend line on the indicator of relative strength. Cancellation of the fall of the cryptocurrency will be the breakdown of the 0.4145 area. This will indicate a continuation of the climb with a target above the level of 0.4755.
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