Ripple XRP/USD are trading at 0.2704 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $11 801 761 029. Moving averages indicate the presence of a short-term downward trend for Ripple. At the moment, we should expect an attempt to correct the course of the digital asset and test the resistance level near the area of 0.2995. Further, the continuation of the fall of cryptocurrency to the area below the level of 0.1695.
Ripple Forecast and XRPUSD Analysis August 21, 2019
In favor of reducing the XRPUSD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. The second signal in favor of falling asset quotes will be a rebound from the upper boundary of the downward channel. Cancellation of the option to reduce cryptocurrency will be a strong growth and closing of quotations above the level of 0.3755. 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 0.4275. A confirmation of the fall in the digital currency will be a breakdown of the support area and closing below 0.2185. In this case, we should expect acceleration of the development of the bearish trend in Ripple.
Ripple Forecast and XRPUSD Analysis August 21, 2019 implies an attempt to test the resistance level near the area of 0.2995. Where can we expect the cryptocurrency to continue to fall with a potential target at 0.1695. 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 0.3755 area. In this case, we should expect continued development of the upward trend in digital currency with a target above 0.4275.
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