Ripple XRP/USD close the trading week at 0.3800 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 0.3705 area. Where can we again expect a rebound and continued growth of cryptocurrency in the region above the level of 0.7205.
Ripple Forecast and Analysis July 8 — 12, 2019
In favor of the rise of XRP/USD quotes in the current trading week July 8 — 12, 2019, a test of the rising trend line on the relative strength indicator will be made. The second signal will be a rebound from the lower boundary of the «Triangle» model. Cancellation of the growth option Ripple cryptocurrency will fall and the breakdown of 0.3005 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 0.5105.
Ripple Forecast and Analysis July 8 — 12, 2019 implies an attempt to test the support level near the 0.3705 area. Where can we expect the growth of quotations to continue with a potential goal at the level of 0.7205. An additional signal in favor of raising Ripple will be a test of the trend line on the relative strength indicator. The cancellation of cryptocurrency growth will be a breakdown of the 0.3005 area. This will indicate a continuation of the decline with a target below the level of 0.2545.