Ripple XRP/USD are trading at 0.4066 and continue to move within the correction and the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $17 257 861 284. Moving averages indicate the presence of 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 0.3855. Further, the continuation of cryptocurrency growth in the region above the level of 0.4595.
Ripple Forecast and XRP/USD Analysis May 28, 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 quotes of the digital asset will be a rebound from the upper limit of the «Triangle» model. Cancellation of the option of cryptocurrency growth will be the fall and close of quotes below the level of 0.3465. 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 0.2955. Confirmation of the growth rate will make the breakdown of the resistance area and the closure above 0.4165. In this case, we should expect confirmation of the development of the rise by Ripple.
Ripple Forecast and XRP/USD Analysis May 28, 2019 involves an attempt to test the support level near the 0.3855 area. Where can we expect to continue the growth of cryptocurrency with a potential goal of 0.4595. 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 the area of 0.3465. In this case, we should expect the continuation of the development of the bearish trend in digital currency with a target below 0.2955.
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