Ripple XRP/USD close the trading week at 0.3392 and continue to move as part of the decline. Moving averages indicate a downward trend. At the moment, we should expect an attempt to test the support level near the 0.3000 area. Where once again we should expect a rebound and continued growth of cryptocurrency in the region above the level of 0.4450.
Ripple forecast December 31 — January 4, 2019
The formation of the «Head and Shoulders» reversal pattern on the relative strength index (RSI) will be in favor of the growth of XRP/USD quotes on the current trading week December 31 — January 4, 2019. Cancellation of the growth option Ripple cryptocurrency will fall and the breakdown of 0.2700 area. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall in XRP/USD quotes. Confirmation of the growth of cryptocurrency will be a breakdown of the upper boundary of the downward channel and closing of quotations above the level of 0.4650.
Ripple forecast December 31 — January 4, 2019 involves an attempt to test the support level near the 0.3000 area. Where can we expect to continue the rise of quotations with a potential goal at the level of 0.4450. An additional signal in the growth of Ripple growth will be a test of the trend line on the relative strength index (RSI). Cancellation of cryptocurrency growth will be a breakdown of 0.2700. This will indicate a continuation of the fall.