Ripple XRP/USD close the trading week at 0.2933 and continue to move in line with the decline. 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 0.2835 area. Where once again we should expect a rebound and continued growth of cryptocurrency in the region above the level of 0.4845.
Ripple Forecast and Analysis May 13 — 17, 2019
In favor of the rise of XRP/USD quotes in the current trading week of May 13 — 17, 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 upper boundary of the downward channel. Cancellation of the growth option Ripple cryptocurrency will fall and the breakdown of 0.2355 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 0.3355.
Ripple Forecast and Analysis May 13 — 17, 2019 involves an attempt to test the support level near the 0.2835 area. Where can we expect the growth of quotations to continue with a potential goal at the level of 0.4845. An additional signal in favor of raising Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of cryptocurrency growth will be the breakdown of the 0.2355 area. This will indicate a continuation of the decline with a target below the level of 0.1855.