XRP/USD are trading at 0.2467 and continue to move as part of the correction and the upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $10 889 011 642. Moving averages indicate the presence of a short-term lateral trend for Ripple. At the moment, we should expect an attempt to depreciate the digital asset and test the support level near the 0.2380 area. Further, the continued growth of cryptocurrency in the region above the level of 0.2745.
Ripple Forecast and XRP/USD Analysis October 3, 2019
In favor of the rise in XRP/USD quotes, a test of the ascending 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 cryptocurrency growth option will be the fall and closing of quotes below the level of 0.2255. This will indicate a breakdown of the support area and a continued decline in XRP/USD to the area below the level of 0.1855. A confirmation of the growth of the digital currency will be a breakdown of the resistance area and closing above the level of 0.2655. In this case, we should expect acceleration of the development of the upward trend in Ripple.
Ripple Forecast and XRP/USD Analysis October 3, 2019 implies an attempt to test the support level near the 0.2380 area. Where can we expect cryptocurrency growth to continue with a potential target of 0.2745. An additional signal in favor of the rise of Ripple 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 0.2255 area. In this case, we should expect continued development of the fall in digital currency with a target below 0.1855.
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