Ripple XRP/USD traded at 0.4977 and continue to move in line with the decline. The capitalization of cryptocurrency at the time of the publication of the forecast is $20 172 628 754. At the moment, we can expect an attempt to test the support level near the 0.4700 area and the continued growth of cryptocurrency in the area above the level of 0.5850.
Ripple forecast & technical analysis November 12, 2018
In favor of the growth of XRP/USD quotes, a test of the rising trend line on the relative strength index (RSI) will be made. Cancellation of the growth of cryptocurrency will be the fall and close of quotes below the level of 0.4450. This will indicate a breakdown of the lower boundary of the rising channel and the continuation of the fall of XRP/USD to the area below the level of 0.4205. With the breakdown of the resistance area and closure above 0.5250, we should expect confirmation of the development of growth in Ripple.
Ripple forecast & technical analysis November 12, 2018 involves an attempt to test the support level near the 0.4700 area. Where can we expect to continue the growth of cryptocurrency with a potential goal at the level of 0.5850. An additional signal in favor of Ripple growth will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth of quotations will be the fall and the breakdown of the 0.4450 area. In this case, we should expect the continuation of the downward trend in digital currency.
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