Ripple XRP/USD close the trading week at 0.4148 and continue to move as part of the correction and the bullish channel. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to fall and a test of the support level near the area of 0.3835. Where can we again expect a rebound and continued growth of cryptocurrency in the region above the level of 0.6355.
Ripple Forecast and Analysis June 10 — 14, 2019
In favor of the rise of XRP/USD quotes in the current trading week of June 10 — 14, 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 rising channel. Cancellation of the Ripple cryptocurrency growth option will be a fall and a breakdown of the 0.2995 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 0.4655.
Ripple Forecast and Analysis June 10 — 14, 2019 implies an attempt to test the support level near 0.3835. Where can we expect the continuation of growth of quotations with a potential goal at the level of 0.6355. 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 cryptocurrency growth will be a breakdown of the 0.2995 area. This will indicate a continuation of the decline with a target below the level of 0.2445.