Ripple XRP/USD traded at 0.3278 and continue to move within the framework of strong growth. Capitalization of the cryptocurrency at the time of publication of the forecast is $13 074 488 670. At the moment, we should expect an attempt of the support level test near the area of 0.2950 and the continuation of the growth of the cryptocurrency in the area above the level of 0.3940.
Ripple forecast & technical analysis September 20, 2018
In favor of the growth of quotations XRP/USD will perform a test of the broken trend line on the indicator of relative strength index (RSI). Canceling the variant of the growth of the crypto currency will be the reduction and closing of quotations below the level of 0.2700, which will indicate the breakdown of the upper boundary of the descending channel and the continuation of the fall of XRP/USD to the area below the level of 0.2350. With the breakdown of the resistance area and the closing above the level of 0.3500, one should expect confirmation of the development of the upward trend in Ripple.
Ripple forecast & technical analysis September 20, 2018 suggests an attempt to test the support level near the area of 0.2950, where it is expected to continue the growth of the cryptocurrency with a potential target at 0.3940, an additional signal in favor of Ripple’s growth will be a trend line test on the indicator of relative strength index (RSI).
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