Ripple XRP/USD are trading at 0.2975 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $12 536 375 356. Moving averages indicate a bearish trend in Ripple. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.2885. Further, the continuation of cryptocurrency growth in the region above the level of 0.3520.
Ripple Forecast and XRP/USD Analysis February 12, 2019
In favor of lifting the XRP/USD quotes, a test of the rising trend line on the relative strength indicator will be made. Cancellation of the option of cryptocurrency growth will be the fall and close of quotes below the level of 0.2745. 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 0.2450. With the breakdown of the upper boundary of the «Triangle» model and closure above 0.3235, we should expect confirmation of the development of growth in Ripple.
Ripple Forecast and XRP/USD Analysis February 12, 2019 involves an attempt to test the support level near the 0.2885 area. Where can we expect to continue the growth of cryptocurrency with a potential goal at the level of 0.3520. An additional signal in favor of raising Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option quotes will fall and the breakdown of 0.2745 area. In this case, we should expect the continuation of the downward trend in digital currency with a target below 0.2450.