Ripple XRP/USD are traded at the level of 0.5368 and continue to move within the framework of correction and formation of the inverted «Head and Shoulders» model. The capitalization of the cryptocurrency at the time of publication of the forecast is $21 370 224 058. At this time, we should expect an attempt of the support level test near the 0.5050 area and the continuation of the growth of the cryptocurrency in the area above the level of 0.7050.
Ripple forecast & technical analysis September 28, 2018
In favor of the growth of quotations XRP/USD will test the trend line on the indicator of relative strength index (RSI). The cancellation of the variant of the growth of the crypto currency will be the drop and the closing of quotations below the level of 0.4550, which will indicate the breakdown of the support area and the continuation of the fall of XRP/USD in the area below the level of 0.4050. With the breakdown of the resistance area and the closing above the level of 0.5850, one should expect confirmation of the development of the bullish trend in Ripple.
Ripple forecast & technical analysis September 28, 2018 suggests an attempt to test the support level near the 0.5050 area, from which it is expected to continue the growth of the crypto currency with a potential target at 0.7050, an additional signal in favor of Ripple’s growth will be a trend line test on the relative strength index (RSI).
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