Ripple XRP/USD are trading at 0.4802 and continue to move within the bearish channel. The capitalization of cryptocurrency at the time of the publication of the forecast is $19 325 594 284. At the moment, we should expect an attempt to test the resistance level near the area of 0.4850 and continue the fall of the cryptocurrency to the area below the level of 0.4150.
Ripple forecast & technical analysis October 10, 2018
In favor of reducing the XRP/USD quotes, a test of the trend line on the relative strength index (RSI) will be made. Cancellation of the option of falling cryptocurrency will be a strong growth and closing of quotes above the level of 0.5100, which will indicate a breakdown of the upper boundary of the channel and continued growth of XRP/USD to the area above the level of 0.5950. With the breakdown of the area of support and closing below 0.4550, we should expect confirmation of the development of a bearish trend in Ripple.
Ripple forecast & technical analysis October 10, 2018 involves an attempt to test the resistance level near 0.4850, from which we can expect the cryptocurrency to continue falling with a potential target at 0.4150, a test of the trend line on the relative strength index (RSI) will act as an additional signal.
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