Ripple XRP/USD traded at 0.2954 and continue to move within the framework of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $12 360 380 809. At the moment, we can expect an attempt to grow and test the resistance level near the 0.3150 area. Further, the continuation of the decline of cryptocurrency in the region below the level of 0.2250.
Ripple forecast & technical analysis December 11, 2018
In favor of the fall of the XRP/USD quotes, a test of the trend line on the relative strength index (RSI) will come out. As well as a rebound from the upper limit of the descending channel. Cancellation of the option of falling cryptocurrency will be a strong growth and closing of quotations above the level of 0.3350. This will indicate a breakdown of the resistance level and continued growth of XRP/USD to the area above the level of 0.4050. With the breakdown of the support level and closure below the 0.2800 area, we should expect confirmation of the development of a decline in Ripple.
Ripple forecast & technical analysis December 11, 2018 involves an attempt to test the resistance level near the 0.3150 area. Where can we expect to continue to decline cryptocurrency with a potential target at the level of 0.2250. An additional signal in favor of the fall of Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of the option of falling quotations will be a strong growth and the breakdown of the area of 0.3350. In this case, we should expect the continuation of the development of the upward trend in digital currency.
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