Ripple forecast & technical analysis November 1, 2018


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Ripple XRP/USD are trading at 0.4390 and continue to move as part of the correction and the formation of the «Triangle» model. The capitalization of cryptocurrency at the time of the publication of the forecast is $17 737 865 221. At the moment, we should expect an attempt to test the resistance level near the 0.4450 area and the continued growth of cryptocurrency in the area below the 0.4175 level.

Ripple forecast & technical analysis November 1, 2018

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 quotes above the level of 0.4550, which will indicate a breakdown of the upper limit of the «Triangle» model and continued growth of XRP/USD in the region above the level of 0.4700. With the breakdown of the lower boundary of the model and closure below 0.4150, we should expect confirmation of the development of a fall along the Ripple.

Ripple forecast & technical analysis November 1, 2018

Ripple forecast & technical analysis November 1, 2018 involves an attempt to test the resistance level near 0.4450, from which we can expect a further fall of cryptocurrency with a potential target at 0.4175, a test of the trend line on the relative strength index (RSI), the cancellation option, will act as an additional signal to Ripple fall. quotations will be strong growth and the breakdown of 0.4550 area, in this case, we can expect continued development of the upward trend in digital currency.


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