Ripple XRP/USD close the trading week at 0.3023 and continue to move as part of 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 0.2755 area. Where once again we should expect a rebound and continued growth of cryptocurrency in the region above the level of 0.4960.
Ripple Forecast and Analysis May 6 — 10, 2019
In favor of the rise of XRP/USD quotes in the current trading week May 6 — 10, 2019, a test of the rising trend line on the relative strength index (RSI) will be made. 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 be the breakdown of the resistance area and the closing of quotes above the level of 0.3555.
Ripple Forecast and Analysis May 6 — 10, 2019 implies an attempt to test the support level near the 0.2755 area. Where can we expect the growth of quotations to continue with a potential goal at the level of 0.4960. 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.