Ripple XRP/USD traded at the level of 0.5730 and continue to move within the correction and the uplink. Capitalization of the cryptocurrency at the time of publication of the forecast is $ 22 962 854 426. At the moment, we should expect an attempt of the support level test near the area of 0.5500 and the continuation of the growth of the cryptocurrency in the area above the level of 0.6350.
Ripple forecast & technical analysis October 2, 2018
In favor of the growth of quotations XRP/USD will test the trend line on the indicator of relative strength index (RSI). Canceling the variant of the growth of the crypto currency will be the drop and the closing of quotations below the level of 0.5350, which will indicate the breakdown of the lower border of the channel and the continuation of the fall of XRP/USD to the area below the level of 0.4350. With the breakdown of the resistance area and the closing above the level of 0.6550, one should expect confirmation of the development of the upward trend in Ripple.
Ripple forecast & technical analysis October 2, 2018 suggests an attempt to test the support level near the area of 0.5500, from where it is expected to continue the growth of the cryptocurrency with a potential target at 0.6350, an additional signal in favor of Ripple’s growth will be a test of the trend line on the indicator of relative strength index (RSI), growth of quotations will fall and breakdown of the area of 0.5350, in this case it is necessary to expect the continuation of the development of a downward trend in the digital currency.
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