Ripple XRP/USD are trading at 0.2937 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 $12 614 854 088. Moving averages indicate a bearish trend in Ripple. At the moment, we can expect an attempt to reduce and test the support level near the 0.2735 area. Further, the continuation of cryptocurrency growth in the region above the level of 0.3405.
Ripple Forecast and XRP/USD Analysis May 7, 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 will be a rebound from the support area. Cancellation of the option of cryptocurrency growth will be the fall and close of quotes below the level of 0.2620. 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 0.3075, we should expect confirmation of the development of growth in Ripple.
Ripple Forecast and XRP/USD Analysis May 7, 2019 involves an attempt to test the support level near the 0.2735 area. Where can we expect to continue the growth of cryptocurrency with a potential goal at the level of 0.3405. 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 0.2620 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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