XRP/USD are trading at 0.1853 and continue to move as part of the decline and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $8 191 332 458. 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 continue the fall of the digital asset and a test of the support level near the 0.1595 area. Further, the continued growth of cryptocurrency in the region above the level of 0.2345.
Ripple Forecast and XRP/USD Analysis December 20, 2019
In favor of the growth of XRP/USD quotes, a test of the trend line on the relative strength index (RSI) will come out. The second signal in favor of raising asset quotes will be a rebound from the lower border of the downward channel. Cancellation of the cryptocurrency growth option will be the fall and closing of quotes below the level of 0.1365. This will indicate a breakdown of the support area and the continuation of the fall of XRP/USD to the area below the level of 0.1005. A confirmation of the growth of the digital currency will be a breakdown of the resistance area and closing above the level of 0.1975. In this case, we should expect acceleration of the development of the bull trend of Ripple.
Ripple Forecast and XRP/USD Analysis December 20, 2019 implies an attempt to test the support level near the area of 0.1595. Where can we expect cryptocurrency growth to continue with a potential target of 0.2345. An additional signal in favor of the Ripple rise will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option of quotes will be a fall and a breakdown of the area of 0.1365. In this case, we should expect continued development of the decline in digital currency with a target below 0.1005.
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