Ripple weekly forecast June 4 — 8, 2018


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Ripple XRP/USD completes the trading week at 0.60 and continue to move within the framework of a bearish correction and the formation of an inverted «Head and Shoulders» model. At this point, we should expect an attempt to test the support level near the area of ​​0.57. Whence again we should expect a rebound and the continued growth of the cryptocurrency in the area above the level of 1.10.

Ripple weekly forecast June 4 — 8, 2018

In favor of the growth of quotations XRP/USD will test the trend line on the indicator of relative strength index (RSI). Cancellation of the variant of Ripple growth will be a fall and breakdown of the area of ​​0.35, which will indicate the reversal of the reversal pattern and the continuation of the fall of XRP/USD. Confirmation of the growth of the cryptocurrency will be a breakdown of the «Neckline» of the reversal pattern and the closing of quotes above the level of 0.85.

Ripple weekly forecast June 4 — 8, 2018

Ripple weekly forecast June 4 — 8, 2018 suggests a test of the support level near the area of ​​0.57, from which it is expected to continue growing with a potential target at the level of 1.10, an additional signal in favor of Ripple growth will be a test of the trend line on the indicator of relative strength index (RSI).


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