Ripple XRP/USD are trading at 0.3736 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $14 964 296 830. At the moment, we should expect an attempt to grow and test the resistance level near the 0.3980 area. Further, the continuation of the decline of cryptocurrency in the region below the level of 0.2750.
Ripple forecast & technical analysis November 27, 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. As well as a rebound from the upper boundary of the descending channel. Cancellation of the option of falling cryptocurrency will be a strong growth and closing of quotations above the level of 0.4350. This will indicate a breakdown of the resistance level and continued growth of XRP/USD in the area above the level of 0.5000. With the breakdown of the support level and closure below 0.3050 area, we should expect confirmation of the development of a decline in Ripple.
Ripple forecast & technical analysis November 27, 2018 involves an attempt to test the resistance level near the 0.3980 area. Where can we expect to continue to decline cryptocurrency with a potential goal at the level of 0.2750. An additional signal in favor of the fall of 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 0.4350 area. In this case, we should expect the continuation of the development of the upward trend in digital currency.
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