XRP/USD are trading at 0.2632 and continue to move as part of the growth and the beginning of the development of the «Triangle» model. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $11 812 410 754. 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 0.2590 area. Further, the continued growth of cryptocurrency in the region above the level of 0.2805.
Ripple Forecast and XRP/USD Analysis September 18, 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 upper boundary of the «Triangle» model. Cancellation of the cryptocurrency growth option will be the fall and closing of quotes below the level of 0.2505. 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 0.2335. A confirmation of the growth of the digital currency will be a breakdown of the resistance area and closing above the level of 0.2695. In this case, we should expect acceleration of the development of the bull trend in Ripple.
Ripple Forecast and XRP/USD Analysis September 18, 2019 implies an attempt to test the support level near the 0.2590 area. Where can we expect continued growth of the cryptocurrency with a potential target at the level of 0.2805. 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 0.2505 area. In this case, we should expect continued development of the downward trend in digital currency with a target below 0.2335.
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