Ripple XRP/USD traded at 0.5346 and continue to move in the framework of strong growth. The capitalization of cryptocurrency at the time of the publication of the forecast is $21 454 385 359. At the moment, we should expect an attempt to test the support level near the 0.5200 area and continue the growth of the cryptocurrency in the area above the 0.5750 level.
Ripple forecast & technical analysis November 7, 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 option of cryptocurrency growth will be the fall and close of quotes below the level of 0.5050, which 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 0.4700. With the breakdown of the resistance area and closing above the level of 0.5500, we should expect confirmation of the development of growth in Ripple.
Ripple forecast & technical analysis November 7, 2018 suggests an attempt to test the support level near 0.5200, from which one can expect continued growth of cryptocurrency with a potential target of 0.5750, a test in favor of the Ripple growth will be a test of the trend line, the cancellation of the variant growth of quotations will fall and the breakdown of 0.5050, in this case, we should expect the continuation of the downward trend in digital currency.