Ripple Forecast and XRP/USD Analysis April 28, 2020

XRP/USD are trading at 0.1937 and continue to move as part of the correction and the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $8 717 584 659. Moving averages indicate the presence of a short-term lateral trend for Ripple. Prices have pierced the area between the signal lines up, which indicates pressure from buyers of the asset. At the moment, we should expect an attempt to grow a digital asset and a test of the resistance level near the 0.2165 area. Further, the continuation of the fall of cryptocurrency to the area below the level of 0.1245.

Ripple Forecast and XRP/USD Analysis April 28, 2020

In favor of the fall in XRP/USD quotes, a test of the resistance line on the relative strength index (RSI) will come out. The second signal in favor of reducing asset quotes will be a rebound from the lower boundary of the ascending channel. Cancellation of the option of falling cryptocurrency will be a strong growth and closing of quotations above the level of 0.2375. This will indicate a breakdown of the resistance area and continued growth of XRP/USD to the area above the level of 0.2655. A confirmation of the fall in the digital currency will be a breakdown of the support area and closing below 0.1685. In this case, we should expect acceleration in the development of the fall in Ripple value.

Ripple Forecast and XRP/USD Analysis April 28, 2020 suggests an attempt to test the resistance level near the 0.2165 area. Where can we expect the cryptocurrency to continue to fall with a potential target at 0.1245. An additional signal in favor of reducing Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of the option of falling quotes will be a strong growth and a breakdown of the 0.2375 area. In this case, we should expect continued development of the rise in digital currency with a target above 0.2655.

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