Ripple XRP/USD trading at 0.3875 and continue to move as part of the decline and the downward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $16 592 371 017. Moving averages indicate the presence of 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 0.3945. Further, the continuation of the fall of cryptocurrency in the region below the level of 0.3435.
Ripple Forecast and XRP/USD Analysis July 3, 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 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 0.4145. 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 course will be the breakdown of the support area and the closure below 0.3685. In this case, we should expect an acceleration in the development of a fall by Ripple.
Ripple Forecast and XRP/USD Analysis July 3, 2019 involves an attempt to test the resistance level near the 0.3945 area. Where can we expect the continuation of the fall of cryptocurrency with a potential goal of 0.3435. 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 0.4145 area. In this case, we should expect the continuation of the development of the upward trend in digital currency with a target below 0.4565.
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