Ripple XRP/USD traded at 0.4246 and continue to move within the growth and the bull channel. Cryptocurrency capitalization at the time of the publication of the forecast is $18 218 339 14. Moving averages indicate a short-term upward trend in Ripple. At the moment, we should expect an attempt to reduce and test the support level near the area of 0.3945. Further, the continued growth of cryptocurrency in the region above the level of 0.5185.
Ripple Forecast and XRP/USD Analysis June 28, 2019
In favor of the growth of XRP/USD quotes, a test of the upward support line on the relative strength index (RSI) will be made. The second signal in favor of raising the quotations of a digital asset will be a rebound from the lower boundary of the rising channel. Cancellation of the option of cryptocurrency growth will be the fall and close of quotes below the level of 0.3655. 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 will make the breakdown of the area of resistance and closing above the level of 0.4765. In this case, we can expect an acceleration of the development of the Ripple climb.
Ripple Forecast and XRP/USD Analysis June 28, 2019 involves an attempt to test the support level near the 0.3945 area. Where can we expect to continue the growth of cryptocurrency with a potential goal at the level of 0.5185. An additional signal in favor of raising Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth of quotations will fall and the breakdown of 0.3655 area. In this case, we should expect the continuation of the development of the downward trend in digital currency with a target below 0.3255.