XRP/USD are trading at 0.2102 and continue to move as part of the decline and the bearish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $9 300 448 643. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices are below the signal line area, which indicates pressure from cryptocurrency sellers. At the moment, we should expect an attempt to grow a digital asset and test the resistance level near the 0.2275 area. Further, the continuation of the fall of cryptocurrency to the area below the level of 0.1655.
Ripple Forecast and XRP/USD Analysis December 17, 2019
In favor of the fall in XRP/USD quotes, a test of a downward trend 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 upper border of the downward channel. Cancellation of the option of falling cryptocurrency will be a strong growth and closing of quotations above the level of 0.2550. This will indicate a breakdown of the resistance area and continued growth of XRP/USD to the area above the level of 0.2865. A confirmation of the fall in the digital currency will be a breakdown of the support area and closing below 0.2045. In this case, we should expect acceleration of the development of the downward trend of Ripple.
Ripple Forecast and XRP/USD Analysis December 17, 2019 suggests an attempt to test the resistance level near the 0.2275 area. Where can we expect the cryptocurrency to continue to fall with a potential target at 0.1655. 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 0.2550 area. In this case, we should expect continued development of growth in digital currency with a target above 0.2865.
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