Ripple weekly forecast October 29 — November 2, 2018


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Ripple XRP/USD close the trading week at 0.4535 and continue to move as part of the correction. At the moment, we should expect an attempt to test the resistance level near 0.4850. Where can we again expect a rebound and the continuation of the fall of cryptocurrency in the region below the level of 0.3000.

Ripple weekly forecast October 29 — November 2, 2018

In favor of reducing the XRP/USD quotes in the current trading week of October 29 — November 2, 2018, a test of the broken 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 a breakdown of the lower boundary of the rising channel and the continued growth of XRP/USD quotes. Confirmation of the fall of the cryptocurrency will be a breakdown of the support area and closing of the lower level of 0.3650 quotes.

Ripple weekly forecast October 29 — November 2, 2018

Ripple weekly forecast October 29 — November 2, 2018 implies an attempt to test the resistance level near the 0.4850 area, from where we can expect a further drop in quotations with a potential target of 0.3000, a test in favor of the Ripple decline will be a test of the trend line on the relative strength index (RSI), the cancellation of the fall of the cryptocurrency will be a breakdown of the 0.5300 area, which will indicate continued growth.


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