Ripple XRP/USD close the trading week at 0.4570 and continue to move as part of the correction. At the moment, we should expect an attempt to test the resistance level near 0.4950. Where again we should expect a rebound and the continuation of the fall of cryptocurrency in the region below the level of 0.3050.
Ripple weekly forecast November 5 — 9, 2018
In favor of reducing the XRP/USD quotes in the current trading week of November 5 — 9, 2018 2018, a test of the trend line on the relative strength index (RSI), as well as a rebound from the upper limit of the downward channel, will come out. Cancellation of the option of falling Ripple cryptocurrency will be a strong growth and the breakdown of the 0.5300 area, which will indicate the breakdown of the resistance area and the continued growth of XRP/USD quotes. Confirmation of the fall of the cryptocurrency will be the breakdown of the support area and the closing of quotations of the lower level of 0.3750.
Ripple weekly forecast November 5 — 9, 2018 suggests an attempt to test the resistance level near the 0.4950 area, from where we can expect a further drop in quotations with a potential target of 0.3050, an additional signal in favor of the Ripple decline will be a test of the trend line on the relative strength index (RSI), canceling the fall of the cryptocurrency will make a breakdown of the 0.5300 area, which will indicate continued growth.