Ripple XRP/USD are trading at 0.5498 and continue to move as part of the correction and the upward channel. The capitalization of cryptocurrency at the time of the publication of the forecast is $22 211 300 591. At the moment, we should expect an attempt to test the support level near the 0.5400 area and continue the growth of the cryptocurrency in the area above the level of 0.6350.
Ripple forecast & technical analysis October 3, 2018
In favor of the growth of XRP/USD quotes, there will be a test of the trend line on the relative strength index (RSI), as well as the formation of an inverted «Head and Shoulders» model. Cancellation of the cryptocurrency growth option will be the fall and close of quotes below the level of 0.5250, which will indicate breakdown of the lower boundary of the channel and the continuation of the fall of XRP/USD to the area below the level of 0.4250. With the breakdown of the resistance area and the closure above the level of 0.5950, we should expect confirmation of the development of an upward trend in Ripple.
Ripple forecast & technical analysis October 3, 2018 suggests an attempt to test the support level near the 0.5400 area, from which we can expect further growth of cryptocurrency with a potential target of 0.6350, a test of the trend line on the relative strength index (RSI), option cancellation, will act as an additional signal growth of quotations will fall and the breakdown of the 0.5250 area, in this case, we should expect the continuation of the downward trend in digital currency.
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