Ripple XRP/USD are trading at 0.4978 and continue to move as part of the fall. The capitalization of cryptocurrency at the time of the publication of the forecast is $18 417 802 209. At the moment, we should expect an attempt to test the resistance level near the 0.4550 area and continue to lower the cryptocurrency to the area below the 0.3750 level.
Ripple forecast & technical analysis November 16, 2018
In favor of falling XRP/USD quotes, a test of a broken trend line on the relative strength index (RSI) will come out. As well as a rebound from the upper boundary of the bearish channel. Cancellation of the option of falling cryptocurrency will be a strong growth and closing of quotations above the level of 0.4850. This will indicate a breakdown of the upper boundary of the downward channel and continued growth of XRP/USD in the region above the level of 0.5550. With the breakdown of the area of support and closing below 0.5250, we should expect confirmation of the development of growth in Ripple.
Ripple forecast & technical analysis November 16, 2018 involves an attempt to test the resistance level near the 0.4550 area. Where can we expect the continuation of the fall of cryptocurrency with a potential goal at the level of 0.3750. An additional signal in favor of reducing Ripple will be a test of the trend line on the indicator of relative strength index (RSI). Cancellation of the option of falling quotes will be a strong growth and the breakdown of the area of 0.4850. In this case, we should expect the continuation of the upward trend in digital currency.
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