Ripple forecast & technical analysis October 23, 2018


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Ripple XRP/USD are trading at 0.4483 and continue to move as part of the correction. The capitalization of cryptocurrency at the time of the publication of the forecast is $18 160 856 686. At the moment, we can expect an attempt to test the support level near the 0.4350 area and continue the growth of the cryptocurrency in the area above the 0.5000 level.

Ripple forecast & technical analysis October 23, 2018

In favor of the growth of quotes XRP/USD stands the test of the rising trend line on the indicator of relative strength index (RSI). Cancellation of the option of cryptocurrency growth will be the fall and close of quotes below the level of 0.4300, which will indicate a breakdown of the lower boundary of the «Triangle» model and the continuation of the fall of XRP/USD to the area below the level of 0.3650. With the breakdown of the upper boundary of the «Triangle» model and closure above the level of 0.4750, we should expect confirmation of the development of growth in Ripple.

Ripple forecast & technical analysis October 23, 2018

Ripple forecast & technical analysis October 23, 2018 suggests an attempt to test the support level near the 0.4350 area, from which one can expect continued growth of cryptocurrency with a potential target of 0.5000, a test in favor of the Ripple growth will be a test of the trend line on the relative strength index (RSI) growth of quotations will fall and the breakdown of the 0.4300 area, in this case, we should expect the continuation of the downward trend in digital currency.


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