Ripple XRP/USD close the trading week at 0.4147 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 0.3825. Where once again we should expect a rebound and continued growth of cryptocurrency in the region above the level of 0.6295.
Ripple Forecast and Analysis June 3 — 7, 2019
In favor of the rise of XRP/USD quotes in the current trading week from 3 to 7 June 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 bullish 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 be a breakdown of the upper boundary of the downward channel and the closing of quotations above the level of 0.4955.
Ripple Forecast and Analysis June 3 — 7, 2019 involves an attempt to test the support level near 0.3825. Where can we expect the growth of quotations to continue with a potential goal at the level of 0.6295. 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 0.2355.