Ripple XRP/USD are trading at 0.3421 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $13 990 212 359. At the moment, we should expect an attempt to grow and test the resistance level near the 0.3550 area. Further, the continuation of the decline of cryptocurrency in the region below the level of 0.3000.
Ripple forecast & technical analysis December 6, 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 0.3700. This will indicate a breakdown of the resistance level and continued growth of XRP/USD in the area above the level of 0.4000. With the breakdown of the support level and the closure below 0.3250, we should expect confirmation of the development of a decline in Ripple.
Ripple forecast & technical analysis December 6, 2018 involves an attempt to test the resistance level near the 0.3550 area. Where can we expect to continue to decline cryptocurrency with a potential goal of 0.3000. 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 the breakdown of the 0.3700 area. In this case, we should expect the continuation of the development of the upward trend in digital currency.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
