Ripple XRP/USD are trading at 0.3668 and continue to move as part of the correction and the upward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $15 659 188 152. Moving averages indicate a short-term bullish trend on Ripple. At the moment, we should expect an attempt to reduce and test the support level near the area of 0.3385. Further, the continuation of the growth of cryptocurrency in the region above the level of 0.4545.
Ripple Forecast and XRP/USD Analysis May 24, 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 rising channel. Cancellation of the option of cryptocurrency growth will be the fall and close of quotes below the level of 0.3235. 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 0.2865. Confirmation of the growth rate will make the breakdown of the resistance area and the closure above 0.4075. In this case, we should expect confirmation of the development of the rise by Ripple.
Ripple Forecast and XRP/USD Analysis May 24, 2019 involves an attempt to test the support level near the 0.3385 area. Where can we expect to continue the growth of cryptocurrency with a potential goal at 0.4545. 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 0.3235 area. In this case, we should expect the continuation of the development of the downward trend in digital currency with a target below 0.2865.