Ripple XRP/USD traded at 0.4047 and continue to move in line with the decline. The capitalization of cryptocurrency at the time of the publication of the forecast is $16 377 162 180. At the moment, we should expect an attempt to test the resistance level near the 0.4450 area and continue the fall of the cryptocurrency to the area below the 0.3200 level.
Ripple forecast & technical analysis October 12, 2018
In favor of reducing the XRP/USD quotes, there is a test of the downward trend line on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be a strong growth and closing of quotes above the level of 0.4650, 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 0.5550. With the breakdown of the area of support and closure below the level of 0.3650, we should expect confirmation of the development of a decline in Ripple.
Ripple forecast & technical analysis October 12, 2018 suggests an attempt to test the resistance level near the 0.4450 area, from which we can expect the cryptocurrency decline to continue with a potential target of 0.3200, an additional signal in favor of the Ripple drop will be the test of the relative strength index (RSI) quotes reduction will be a strong growth and the breakdown of the area of 0.4650, in this case, we should expect continued development of the bullish trend in digital currency.