Ripple XRP/USD are trading at 0.4614 and continue to move within the «Triangle» model. The capitalization of cryptocurrency at the time of the publication of the forecast is $18 618 032 783. At the moment, we should expect an attempt to test the support level near 0.4500 and continue the growth of cryptocurrency in the region above the level of 0.5600.
Ripple forecast & technical analysis October 11, 2018
The formation of the «Head and Shoulders» reversal pattern on the relative strength index (RSI) will favor growth in XRP/USD quotes. Cancellation of the option of cryptocurrency growth will be the fall and close of quotes below the level of 0.3850, which will indicate breakdown of the lower border of the Triangle model and the continuation of the fall of XRP/USD to the area below the level of 0.3550. With the breakdown of the resistance area and closing above the level of 0.5000, we should expect confirmation of the development of growth in Ripple.
Ripple forecast & technical analysis October 11, 2018 suggests an attempt to test the support level near 0.4500, from which we can expect further growth of cryptocurrency with a potential target of 0.5600, the additional signal in favor of Ripple growth will be the formation of a reversal pattern on the of relative strength index (RSI), cancellation growth of quotations will fall and the breakdown of the area of 0.3850, in this case, we can expect continued development of the downward trend in digital currency.