Ripple XRP/USD close the trading week at 0.3947 and continue to move as part of the correction and the «Triangle» model. Moving averages indicate a bearish trend, which is nearing completion. At the moment, we should expect an attempt to fall and a test of the support level near the area of 0.3805. Where once again we should expect a rebound and continued growth of cryptocurrency in the region above the level of 0.5815.
Ripple Forecast and Analysis June 17 — 21, 2019
In favor of the rise of XRP/USD quotes in the current trading week on June 17 — 21, 2019, a test of the rising trend line 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 growth option of Ripple cryptocurrency will fall and the breakdown of the 0.3125 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 17 — 21, 2019 implies an attempt to test the support level near the area of 0.3805. Where can we expect the growth of quotations to continue with a potential goal at the level of 0.5815. 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 the cryptocurrency growth will be a breakdown of the 0.3125 area. This will indicate a continuation of the decline with a target below the level of 0.2545.
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