Ripple XRP/USD are trading at 0.3497 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $15 212 398 346. Moving averages indicate a short-term downward trend in Ripple. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.3665. Further, the continuation of the fall of cryptocurrency in the area below the level of 0.2755.
Ripple Forecast and XRP/USD Analysis July 11, 2019
In favor of reducing the XRP/USD quotes, a test of the downward trend line on the relative strength indicator will come out. The second signal in favor of the fall of the digital asset quotes will be a rebound from the lower boundary of the rising channel. Cancellation of the option to reduce the cryptocurrency will be strong growth and closing of quotes above the level of 0.4045. This will indicate a breakdown of the resistance level and continued growth of XRP/USD in the area above the level of 0.4565. Confirmation of the fall of the digital currency rate will be the breakdown of the support area and closing below the level of 0.3155. In this case, we can expect an acceleration of the development of the bearish trend by Ripple.
Ripple Forecast and XRP/USD Analysis July 11, 2019 involves an attempt to test the resistance level near the 0.3665 area. Where can we expect the continuation of the fall of cryptocurrency with a potential goal at the level of 0.2755. An additional signal in favor of reducing Ripple will be a test of the trend line on the indicator of relative strength. Cancellation of the option of falling quotes will be a strong growth and the breakdown of the area of 0.4045. In this case, we should expect the continuation of the development of the upward trend in digital currency with a target above 0.4565.
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