Ripple XRP/USD are trading at 0.2839 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $11 866 360 743. Moving averages indicate a downward trend in Ripple. At the moment, we can expect an attempt to grow and test the resistance level near the area of 0.3150. Further, the continuation of the decline of cryptocurrency in the region below the level of 0.2000.
Ripple forecast & technical analysis December 18, 2018
In favor of falling XRP/USD quotes, a test of the downward trend line on the relative strength (RSI) will come out. Cancellation of the option of falling cryptocurrency will be a strong growth and closing of quotations above the level of 0.3550. 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 area of support and closure below the area of 0.2700, we should expect confirmation of the development of a decline in Ripple.
Ripple forecast & technical analysis December 18, 2018 involves an attempt to test the resistance level near the 0.3150 area. Where can we expect the continuation of the decline of cryptocurrency with a potential goal of 0.2000. An additional signal in favor of the fall of Ripple will be a test of the trend line on the relative strength (RSI). Cancellation of the option of falling quotes will be a strong growth and the breakdown of the 0.3550 area. In this case, we should expect the continuation of the development of the bullish trend in digital currency.
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