Ripple XRP/USD close the trading week at 0.3835 and continue to move as part of a bearish correction. 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 0.3455. Where once again we can expect a rebound and continued growth of cryptocurrency in the region above the level of 0.5750.
Ripple Forecast and Analysis May 27 — 31, 2019
In favor of the rise of XRP/USD quotes in the current trading week of May 27 — 31, 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 support level. Cancellation of the Ripple cryptocurrency growth option will be a fall and a breakdown of the 0.2865 area. This will indicate a breakdown of the support area and a continued decline in XRP/USD quotes. Confirmation of the rise of cryptocurrency will break the resistance area and close the quotes above the level of 0.4375.
Ripple Forecast and Analysis May 27 — 31, 2019 involves an attempt to test the support level near the 0.3455 area. Where can we expect the growth of quotations to continue with a potential goal at the level of 0.5750. 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 growth of cryptocurrency will be the breakdown of the area of 0.2865. This will indicate a continuation of the decline with a target below the level of 0.2255.