Ripple XRP/USD close the trading week at 0.3527 and continue to move as part of the correction. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to test the resistance level near 0.4500. Where again we should expect a rebound and the continuation of the fall of cryptocurrency in the region below the level of 0.2500.
Ripple weekly forecast December 3 — 7, 2018
In favor of reducing the XRP/USD quotes in the current trading week of December 3 — 7, 2018, a test of the trend line on the relative strength index (RSI) will be made. Cancellation of the option of falling Ripple cryptocurrency will be a strong growth and the breakdown of the 0.5200 area. This will indicate a breakdown of the upper boundary of the channel and continued growth in XRP/USD quotes. A confirmation of the decline in cryptocurrency will be a breakdown of the support area and closing of quotes below the level of 0.2850.
Ripple weekly forecast December 3 — 7, 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 0.2500. 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 0.5200 area. This will indicate continued growth.
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