Ripple XRP/USD are trading at 0.3941 and continue to move as part of the decline and the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $16 905 655 480. Moving averages indicate a short-term downward trend in Ripple. At the moment, we should expect an attempt to reduce and test the support level near the area of 0.3825. Further, the continuation of cryptocurrency growth in the region above the level of 0.4855.
Ripple Forecast and XRP/USD Analysis July 9, 2019
In favor of lifting XRP/USD quotes, a test of the rising trend line on the relative strength indicator will be made. The second signal in favor of the growth of quotations of the digital asset will be a rebound from the lower boundary of the bull channel. Cancellation of the option of raising the cryptocurrency will fall and close the quotes below the level of 0.3475. This will indicate a breakdown of the support level and the continuation of the fall of XRP/USD to the area below the level of 0.3255. Confirmation of the growth rate of the digital currency will be the breakdown of the area of resistance and closing above the level of 0.4350. In this case, we can expect the acceleration of the upward trend in Ripple.
Ripple Forecast and XRP/USD Analysis July 9, 2019 involves an attempt to test the support level near the 0.3825 area. Where can we expect to continue the growth of cryptocurrency with a potential target at 0.4855. An additional signal in favor of Ripple growth will be a test of the trend line on the relative strength indicator. Cancellation of the option of raising prices will fall and the breakdown of the area of 0.3475. In this case, we should expect the continuation of the development of the downward trend in digital currency with a target below 0.3255.