Ripple XRP/USD are trading at 0.4783 and continue to move within the bearish channel. The capitalization of cryptocurrency at the time of publication of the forecast is $19 274 324 459. At the moment, we should expect an attempt to test the resistance level near the 0.4900 area and continue the fall of the cryptocurrency to the area below the level of 0.3650.
Ripple forecast & technical analysis October 9, 2018
In favor of reducing the XRP/USD quotes, a test of the trend line on the relative strength index (RSI) will be made. Cancellation of the option of falling cryptocurrency will be a strong growth and closing of quotes above the level of 0.5150, which will indicate a breakdown of the upper boundary of the channel and continued growth of XRP/USD to the area above the level of 0.5950. With the breakdown of the area of support and closing below 0.4500, we should expect confirmation of the development of a bearish trend in Ripple.
Ripple forecast & technical analysis October 9, 2018 suggests an attempt to test the resistance level near the 0.4900 area, from which we can expect the cryptocurrency to continue to fall with a potential target of 0.3650, the additional signal in favor of the Ripple decline will be a test of the trend line on the relative strength index (RSI), canceling the variant falling of quotations will be a strong growth and the breakdown of the area of 0.5150, in this case we should expect the continuation of the development of the upward trend in digital currency.
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