XRP/USD are trading at 0.2744 and continue to move as part of the correction. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $12 102 038 995. Moving averages indicate the presence of a short-term bullish trend for Ripple, which is nearing completion, prices are already testing broken lines from below. At the moment, we should expect an attempt to increase the rate of the digital asset and test the resistance level near the area of 0.2805. Further, the continuation of the fall of cryptocurrency to the area below the level of 0.2065.
Ripple Forecast and XRP/USD Analysis October 25, 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 0.3025. This will indicate a breakdown of the resistance area and continued growth of XRP/USD to the area above the level of 0.3365. The breakdown of the digital currency will be confirmed by the breakdown of the support level and closing below 0.2365. In this case, we should expect acceleration of the development of the Ripple bearish trend.
Ripple Forecast and XRP/USD Analysis October 25, 2019 suggests an attempt to test the resistance level near the 0.2805 area. Where can we expect the cryptocurrency to continue to fall with a potential target at the level of 0.2065. An additional signal in favor of the fall of Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of the option to reduce quotes will be a strong growth and the breakdown of the area of 0.3025. In this case, we should expect continued development of the rise in digital currency with a target above 0.3365.
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