Ripple Forecast and XRP/USD Analysis April 26, 2019


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

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.


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