Ripple XRP/USD traded at 0.2861 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $12 023 746 408. Moving averages indicate a bearish trend in Ripple. At the moment, we should expect an attempt to grow and test the resistance level near the 0.2910 area. Further, the continuation of the fall of cryptocurrency in the region below the level of 0.2685.
Ripple Forecast and XRP/USD Analysis February 7, 2019
In favor of the fall of XRP/USD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. Cancellation of the option of falling cryptocurrency will be a strong growth and closing of quotations above the level of 0.3000. This will indicate a breakdown of the resistance area and continued XRP/USD growth in the area above the level of 0.3450. With the breakdown of the area of support and closure below 0.2765, we should expect confirmation of the development of a fall in Ripple.
Ripple Forecast and XRP/USD Analysis February 7, 2019 involves an attempt to test the resistance level near the 0.2910 area. Where can we expect the continuation of the fall of cryptocurrency with a potential target at the level of 0.2685. An additional signal in favor of reducing Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of the option of falling quotes will be a strong growth and a breakdown of the 0.3000 area. In this case, we should expect the continuation of the development of the upward trend in digital currency with a target above 0.3450.