Ripple XRP/USD are trading at 0.2922 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $12 242 389 532. At the moment, we should expect an attempt to grow and test the resistance level near the 0.3000 area. Further, the continuation of the decline of cryptocurrency in the region below the level of 0.2500.
Ripple forecast & technical analysis December 12, 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 model «Triangle». Cancellation of the option of falling cryptocurrency will be a strong growth and closing of quotations above the level of 0.3200. This will indicate a breakdown of the resistance level and continued growth of XRP/USD in the area above the level of 0.3850. With the breakdown of the lower boundary of the «Triangle» model and closure below the 0.2800 area, we should expect confirmation of the development of the Ripple decline.
Ripple forecast & technical analysis December 12, 2018 involves an attempt to test the resistance level near the area of 0.3000. Where can we expect the continuation of the decline of cryptocurrency with a potential goal of 0.2500. 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 quotes will be a strong growth and a breakdown of the 0.3200 area. In this case, we should expect the continuation of the development of the upward trend in digital currency.
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