Ripple XRP/USD traded at 0.4629 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $18 949 842 096. At the moment, we should expect an attempt to test the resistance level near the area of 0.4800. Further, the continuation of the fall of cryptocurrency in the area below the level of 0.4030.
Ripple forecast & technical analysis November 19, 2018
In favor of the fall of XRP/USD quotes, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the option of reducing cryptocurrency will be a strong growth and closing of quotes above the level of 0.5010. This will indicate a breakdown of the resistance level and continued growth of XRP/USD to the area above the level of 0.5400. With the breakdown of the lower boundary of the «Wedge» model and closure below the level of 0.4400, we should expect confirmation of the development of a fall by Ripple.
Ripple forecast & technical analysis November 19, 2018 involves an attempt to test the resistance level near the area of 0.4800. Where can we expect the continuation of the fall of cryptocurrency with a potential target at the level of 0.4030. An additional signal in favor of the drop in 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 0.5010 area. In this case, we should expect the continuation of the development of the upward trend in digital currency.
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