Ripple XRP/USD are trading at 0.5303 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 $21 296 162 089. At the moment, we can expect an attempt to test the support level near the 0.5150 area and the continued growth of cryptocurrency in the area above the level of 0.7000.
Ripple forecast & technical analysis October 5, 2018
In favor of the growth of XRP/USD quotes, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the option of cryptocurrency growth will be the fall and close of quotes below the level of 0.4650, which will indicate a breakdown of the lower boundary of the model 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 closing above the level of 0.6050, we should expect confirmation of the development of the upward trend in Ripple.
Ripple forecast & technical analysis October 5, 2018 suggests an attempt to test the support level near the 0.5150 area, from which one can expect continued growth of cryptocurrency with a potential target of 0.7000, an additional signal in favor of Ripple growth will be a test of the trend line on the relative strength index (RSI), the option being canceled growth of quotations will fall and the breakdown of the area of 0.4650, in this case, we should expect the continuation of the downward trend in digital currency.
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