XRP/USD - Ripple can make a BREAKUP to 0.2785$ !XRP - Ripple could reach above 0.2785$.
• How a lot of traders thinking in bearish mode a half year ? ,) What about supports level? Bitcoin long term? BTC 68,14% dominance? The XRP's half year after pump between 0.223$ and 0.46$ (End of reward in June 2019) ??
Let's take a look....
- XRP are trading at 0.1870 and continue to move as part of the fall and the bearish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $8 283 396 577. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices are testing the area between the signal lines, indicating a potential fall from current levels. At the moment, we should expect an attempt to grow a digital currency will be a breakdown of the support area and closing below 0.1725. Further, the continuation of the fall of cryptocurrency to the area below the level of 0.1255 .
- In favor of reducing the XRP/USD quotes, a test of the trend line on the relative strength index (RSI) will come out. The second signal in favor of falling asset quotes will be a rebound from the upper boundary of the downward channel. Cancellation of the option to reduce cryptocurrency will be a strong growth and closing of quotations above the level of 0.2395. This will indicate a breakdown of the resistance area and continued growth of XRP/USD to the area above the level of 0.2785. A confirmation of the fall in the digital currency will be a breakdown of the support area and closing below 0.1725. In this case, we should expect acceleration of the development of the downward trend of Ripple.
- XRP/USD on January 3,
implies an attempt to test the resistance level near the area of 0.2015. Where can we expect the cryptocurrency to continue to fall with a potential target at 0.1255. An additional signal in favor of reducing Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of the option of falling quotes will be a strong growth and a breakdown of the 0.2395 area. In this case, we should expect continued development of growth in digital currency with a target above 0.2785.
In addition I want to mention that this is not an FINANCIAL ADVICE, just EDUCATIONAL ANALYSIS!
