Ripple Forecast and XRP/USD Analysis February 5, 2019


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

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.


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