Ripple XRP/USD completes the trading week at 0.44 and continue to move in the bearish trend. At this point, we should expect a test of the resistance level near the 0.50 area. Whence again we should expect a rebound and the continuation of the fall of the cryptocurrency into the area below the level of 0.30.
Ripple weekly forecast & analysis July 23 — 27, 2018
In favor of lowering the quotes XRP/USD will test the trend line on the indicator of relative strength index (RSI), as well as test the upper boundary of the bearish channel. Cancellation of the variant of the Ripple crypto currency fall will be a strong growth and breakdown of the area of 0.54, which will indicate the breakdown of the upper limit of the «Triangle» model and the continuation of the growth of XRP/USD quotes. Confirmation of the decrease of the cryptocurrency will be the breakdown of the lower limit of the model and the closing of quotations below the level of 0.39.
Ripple weekly forecast & analysis July 23 — 27, 2018 suggests an attempt to test the resistance level near the 0.50 area, from which it is expected to continue falling quotations with a potential target at 0.30, an additional signal in favor of the Ripple decline is the trend line test on the relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
