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 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).