XRP/USD are trading at 0.2914 and continue to move as part of the correction and the upward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $12 778 720 312. Moving averages indicate the presence of a short-term bullish trend in Ripple, which is still strong. At the moment, we should expect an attempt to depreciate the digital asset and a test of the support level near the 0.2845 area. Further, the continued growth of cryptocurrency in the region above the level of 0.3175.
Ripple Forecast and XRP/USD Analysis October 23, 2019
In favor of reducing the XRP/USD quotes, a test of the upward trend line on the relative strength index (RSI) will come out. The second signal in favor of the growth of asset quotes will be a rebound from the lower border of the ascending channel. Cancellation of the option to raise cryptocurrency will be the fall and closing of quotes below the level of 0.2695. This will indicate a breakdown of the support area and a continued decline in XRP/USD to the area below the level of 0.2425. A confirmation of the growth of the digital currency will be a breakdown of the resistance level and closing above the level of 0.3055. In this case, we should expect acceleration of the development of the bull trend of Ripple.
Ripple Forecast and XRP/USD Analysis October 23, 2019 implies an attempt to test the support level near the 0.2845 area. Where can we expect continued growth of the cryptocurrency with a potential target at the level of 0.3175. An additional signal in favor of the Ripple rise will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option of quotes will be a fall and a breakdown of the 0.2695 area. In this case, we should expect continued development of the decline in digital currency with a target below 0.2425.
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