Ripple XRP/USD are trading at 0.2974 and continue to move as part of the correction and the downward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $12 810 502 360. Moving averages indicate a downward trend in Ripple. At the moment, we should expect an attempt to reduce and test the support level near the area of 0.2875. Further, the continuation of cryptocurrency growth in the region above the level of 0.3355.
Ripple Forecast and XRP/USD Analysis May 3, 2019
In favor of the growth of XRP/USD quotes, there will be a test of the line of the beaten trend line on the relative strength index (RSI). The second signal will be a rebound from the support area. Cancellation of the option of cryptocurrency growth will fall and close the quotes below the level of 0.2730. 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 0.2475. With the breakdown of the upper boundary of the downward channel and closure above the level of 0.3115, we should expect confirmation of the development of growth in Ripple.
Ripple Forecast and XRP/USD Analysis May 3, 2019 involves an attempt to test the support level near the 0.2875 area. Where can we expect to continue the growth of cryptocurrency with a potential goal at the level of 0.3355. An additional signal in favor of raising Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of growth options quotes will fall and the breakdown of 0.2730 area. In this case, we should expect the continuation of the development of the downward trend in digital currency with a target below 0.2475.
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