Ripple XRP/USD are trading at 0.3243 and continue to move within the correction and the ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $13 734 282 919. Moving averages indicate the presence of an upward trend in Ripple. At the moment, we should expect an attempt to fall and a test of the support level near the area of 0.3130. Further, the continuation of cryptocurrency growth in the region above the level of 0.3700.
Ripple Forecast and XRP/USD Analysis April 16, 2019
In favor of the growth of XRP/USD quotes, 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 option of raising the cryptocurrency will fall and close the quotes below the level of 0.2925. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of XRP/USD to the area below the level of 0.2785. With the breakdown of the resistance area and closure above the level of 0.3415, we should expect confirmation of the development of growth in Ripple.
Ripple Forecast and XRP/USD Analysis April 16, 2019 involves an attempt to test the support level near the 0.3130 area. Where can we expect the continued growth of cryptocurrency with a potential goal of 0.3700. An additional signal in favor of raising Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth of quotations will be the fall and the breakdown of 0.2925 area. In this case, we should expect the continuation of the development of the downward trend in digital currency with a target below 0.2785.
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