Ripple XRP/USD are trading at 0.3801 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $16 895 216 982. Moving averages indicate a short-term bullish trend on Ripple. At the moment, we should expect an attempt to fall and a test of the support level near the area of 0.3775. Further, the continuation of cryptocurrency growth in the region above the level of 0.5125.
Ripple Forecast and XRP/USD Analysis June 11, 2019
In favor of the growth of XRP/USD quotes, a test of the upward support line on the relative strength index (RSI) will be made. The second signal in favor of raising the quotes of the digital asset will be a rebound from the lower boundary of the «Triangle» model. Cancellation of the option of cryptocurrency growth will be the fall and close of quotes below the level of 0.3365. This will indicate a breakdown of the support level and the continuation of the fall of XRP/USD to the area below the level of 0.3145. Confirmation of the growth rate will make a breakdown of the upper boundary of the model «Triangle» and the closure above the level of 0.4555. In this case, we can expect an acceleration of the development of the Ripple climb.
Ripple Forecast and XRP/USD Analysis June 11, 2019 involves an attempt to test the support level near the 0.3775 area. Where can we expect to continue the growth of cryptocurrency with a potential target at the level of 0.5125. An additional signal in favor of raising Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of growth options quotes will fall and the breakdown of 0.3365 area. In this case, we should expect the continuation of the development of the downward trend in digital currency with a target below 0.3145.
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