Ripple XRP/USD are trading at 0.2947 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $12 420 737 417. Moving averages indicate a downward trend in Ripple. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.3150. Further, the continuation of the fall of cryptocurrency in the region below the level of 0.2485.
Ripple Forecast and XRP/USD Analysis February 5, 2019
In favor of falling XRP/USD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. As well as a rebound from the upper boundary of the bearish channel. Cancellation of the option of falling cryptocurrency will be a strong growth and closing of quotations above the level of 0.3450. This will indicate a breakdown of the level of the upper boundary of the channel and continued growth of XRP/USD to the area above the level of 0.3950. With the breakdown of the area of support and closure below 0.2350, we should expect confirmation of the development of a fall in Ripple.
Ripple Forecast and XRP/USD Analysis February 5, 2019 involves an attempt to test the resistance level near the 0.3150 area. Where can we expect the continuation of the fall of cryptocurrency with a potential target of 0.3450. 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 the breakdown of the area of 0.3950. In this case, we should expect the continuation of the development of an upward trend in digital currency with a target above 0.3950.