Ripple XRP/USD traded at 0.2938 and continue to move in a strong fall. Cryptocurrency capitalization at the time of the publication of the forecast is $12 652 361 751. Moving averages indicate a downward trend in Ripple. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.3055. Further, the continuation of the fall of cryptocurrency in the region below the level of 0.2690.
Ripple Forecast and XRP/USD Analysis April 26, 2019
In favor of the growth of XRP/USD quotes, a test of the resistance line on the relative strength index (RSI) will come out. The second signal will be a rebound from the upper boundary of the descending channel. Cancellation of the option of falling cryptocurrency will be a strong growth and closing of quotations above the level of 0.3205. This will indicate a breakdown of the upper boundary of the channel and continued growth of XRP/USD to the area above the level of 0.3475. With the breakdown of the area of support and closure below 0.2805, we should expect confirmation of the development of a fall in Ripple.
Ripple Forecast and XRP/USD Analysis April 26, 2019 involves an attempt to test the resistance level near the area of 0.3055. Where can we expect the continuation of the fall of cryptocurrency with a potential goal at the level of 0.2690. An additional signal in favor of reducing Ripple will be a test of the trend line on the indicator of relative strength index (RSI). Cancellation of the option of falling quotes will be a strong growth and the breakdown of the 0.3205 area. In this case, we should expect the continuation of the development of the upward trend in digital currency with a target above 0.3475.