Ripple XRP/USD are trading at 0.4328 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $18 643 687 869. Moving averages indicate a short-term bullish trend on Ripple. At the moment, we should expect an attempt to fall and a test of the support level near the area of 0.4185. Further, the continuation of cryptocurrency growth in the region above the level of 0.5065.
Ripple Forecast and XRP/USD Analysis June 4, 2019
In favor of the growth of XRP/USD quotes, a test of the rising trend 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 bullish channel. Cancellation of the option of cryptocurrency growth will be the fall and close of quotes below the level of 0.3825. 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 0.3565. Confirmation of the growth rate will make a breakdown of the upper boundary of the model «Triangle» and the closure above 0.4875. In this case, we should expect confirmation of the development of the rise by Ripple.
Ripple Forecast and XRP/USD Analysis June 4, 2019 involves an attempt to test the support level near the area of 0.4185. Where can we expect to continue the growth of cryptocurrency with a potential target at the level of 0.5065. 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 be the fall and the breakdown of 0.3825. In this case, we should expect the continuation of the downward trend in digital currency with a target below 0.3565.
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