XRP/USD are trading at 0.2552 and continue to move as part of the decline. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $11 352 031 781. Moving averages indicate the presence of a short-term downward trend for Ripple. Prices are below the signal line area, indicating pressure from the bears. At the moment, we should expect an attempt to grow a digital asset and test the resistance level near the 0.2665 area. Further, the continued fall of cryptocurrency to the area below the level of 0.2035.
Ripple Forecast and XRP/USD Analysis November 19, 2019
In favor of reducing the XRP/USD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. The second signal in favor of falling asset quotes will be a rebound from the lower boundary of the ascending channel. Cancellation of the option of falling cryptocurrency will be a strong growth and closing of quotations above the level of 0.3105. This will indicate a breakdown of the resistance area and continued growth of XRP/USD to the area above the level of 0.3545. A confirmation of the fall in the digital currency will be a breakdown of the support area and closing below 0.2325. In this case, we should expect acceleration of the development of the downward trend of Ripple.
Ripple Forecast and XRP/USD Analysis November 19, 2019 suggests an attempt to test the resistance level near the 0.2665 area. Where can we expect the cryptocurrency to continue to fall with a potential target at the level of 0.2035. An additional signal in favor of reducing Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of the option of falling quotes will be a strong growth and a breakdown of the area of 0.3105. In this case, we should expect continued development of growth in digital currency with a target above 0.3545.