Ripple XRP/USD are trading at 0.4023 and continue to move as part of the decline and the bearish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $16 994 748 571. 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 0.4075. Further, the continuation of the fall of cryptocurrency in the region below the level of 0.3505.
Ripple Forecast and XRP/USD Analysis July 2, 2019
In favor of reducing the XRP/USD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. The second signal in favor of falling quotes of the digital asset will be a rebound from the upper limit of the downward channel. Cancellation of the option of falling cryptocurrency will be a strong growth and closing of quotations above the level of 0.4365. This will indicate a breakdown of the resistance level and continued growth of XRP/USD to the area above the level of 0.4765. Confirmation of the fall of the course will be the breakdown of the support area and the closure below 0.3845. In this case, we should expect an acceleration in the development of a fall by Ripple.
Ripple Forecast and XRP/USD Analysis July 2, 2019 involves an attempt to test the resistance level near the area of 0.4075. Where can we expect the continuation of the fall of cryptocurrency with a potential target at the level of 0.3505. An additional signal in favor of reducing Ripple will be a test of the trend line on the indicator of relative strength index (RSI). Cancellation of the option of falling quotes will be a strong growth and a breakdown of the 0.4365 area. In this case, we should expect the continuation of the development of the upward trend in digital currency with a target below 0.4765.