Ripple XRP/USD are trading at 0.5255 and continue to move as part of the formation of the «Triangle» model. The capitalization of cryptocurrency at the time of the publication of the forecast is $21 244 855 855. At the moment, we should expect an attempt to test the support level near 0.5050 and the growth of cryptocurrency in the region above the level of 0.7500.
Ripple forecast & technical analysis October 4, 2018
In favor of the growth of quotations XRP/USD will test the 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 0.4550, 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 upper boundary of the «Triangle» model and the closure above 0.6250, we should expect confirmation of the development of an upward trend in Ripple.
Ripple forecast & technical analysis October 4, 2018 suggests an attempt to test the support level near 0.5050, from which one can expect continued growth of cryptocurrency with a potential target of 0.7500, a test in favor of the Ripple growth will be a test of the trend line, the cancellation growth of quotations will fall and the breakdown of 0.4550 area, in this case, we should expect the continuation of the downward trend in digital currency.
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