Ripple XRP/USD are trading at 0.4803 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $ 19,612,390,234. At the moment, we should expect an attempt to test the support level near the 0.4550 area. Further, the continuation of cryptocurrency growth in the region above the level of 0.5540.
Ripple forecast & technical analysis November 20, 2018
In favor of the growth of XRP/USD quotes, a test of the trend line on the relative strength index (RSI) will come out. As well as the formation of the «Head and Shoulders» reversal pattern. Cancellation of the option of cryptocurrency growth will be the fall and close of quotes below the level of 0.4200. This will indicate a breakdown of the support level and a continued decline in XRP/USD to the area below the level of 0.3650. With the breakdown of the resistance level and closure above the 0.5200 area, we should expect confirmation of the development of growth in Ripple.
Ripple forecast & technical analysis November 20, 2018 involves an attempt to test the support level near 0.4550. Where can we expect to continue the growth of cryptocurrency with a potential goal at the level of 0.5540. An additional signal in favor of lifting Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth of quotations will be the decline and breakdown of the 0.4200 area. In this case, we should expect the continuation of the downward trend in digital currency.
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