Ripple XRP/USD close the trading week at 0.3651 and continue to move as part of the correction. Moving averages indicate a downward trend. At the moment, we should expect an attempt to test the resistance level near 0.4500. Where can we again expect a rebound and the continuation of the fall of cryptocurrency in the region below the level of 0.2200.
Ripple weekly forecast December 24 — 28, 2018
In favor of reducing the XRP/USD quotes in the current trading week December 24 — 28, 2018, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the option of falling Ripple cryptocurrency will be a strong growth and the breakdown of the 0.5000 area. This will indicate a breakdown of the upper boundary of the channel and the continued growth of XRP/USD quotes. Confirmation of a decline in cryptocurrency will be a breakdown of the support area and closing of quotes below the level of 0.3150.
Ripple weekly forecast December 24 — 28, 2018 involves an attempt to test the resistance level near the 0.4500 area. Where can we expect the continuation of the fall in quotations with a potential target at the level of 0.2200. An additional signal in reducing Ripple growth will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall of the cryptocurrency will be the breakdown of the area of 0.5000. This will indicate continued growth.
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