Ripple XRP/USD traded at 0.4237 and continue to move within the growth and the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $18 043 131 014. 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 0.4105. Further, the continuation of cryptocurrency growth in the region above the level of 0.4655.
Ripple Forecast and XRP/USD Analysis May 29, 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 0.3915. 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 the breakdown of the resistance area and the closure above 0.4485. In this case, we should expect confirmation of the development of the rise by Ripple.
Ripple Forecast and XRP/USD Analysis May 29, 2019 involves an attempt to test the support level near the area of 0.4105. Where can we expect to continue the growth of cryptocurrency with a potential goal at the level of 0.4655. 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 0.3915 area. 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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