XRP/USD are trading at 0.2590 and continue to move as part of the correction and the formation of the «Triangle» model. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $11 270 738 267. Moving averages indicate the presence of a short-term bullish trend for Ripple. At the moment, we should expect an attempt to depreciate the digital asset and a test of the support level near the 0.2535 area. Further, the continued growth of cryptocurrency in the region above the level of 0.2750.
Ripple Forecast and XRP/USD Analysis September 17, 2019
In favor of the growth of 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 boundary of the «Triangle» model. Cancellation of the cryptocurrency growth option will be the fall and closing of quotes below the level of 0.2435. This will indicate a breakdown of the lower border of the model and a continuation of the fall of XRP/USD to the area below the level of 0.2245. A confirmation of the growth of the digital currency will be a breakdown of the resistance area and closing above the level of 0.2745. In this case, we should expect acceleration of the development of the bearish trend in Ripple.
Ripple Forecast and XRP/USD Analysis September 17, 2019 implies an attempt to test the support level near the 0.2535 area. Where can we expect cryptocurrency growth to continue with a potential target of 0.2750. 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 0.2435 area. In this case, we should expect continued development of the downward trend in digital currency with a target below 0.2245.
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