Ripple XRP/USD close the trading week at 0.3033 and continue to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate a downward trend. At the moment, we should expect an attempt to fall and a test of the support level near the 0.2975 area. Where once again we should expect a rebound and continued growth of cryptocurrency in the area above the level of 0.4025.
Ripple Forecast and Analysis April 1 — 5, 2019
In favor of the growth of XRP/USD quotes in the current trading week April 1 — 5, 2019, a test of the rising trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the model «Triangle». Cancellation of the option of raising Ripple cryptocurrency will be the fall and the breakdown of the 0.2735 area. This will indicate a breakdown of the support area and the continuation of a fall in XRP/USD quotes. Confirmation of the growth of cryptocurrency will be a breakdown of the upper boundary of the «Triangle» model and the closure of quotations above the level of 0.3125.
Ripple Forecast and Analysis April 1 — 5, 2019 involves an attempt to test the support level near the 0.2975 area. Where can we expect the growth of quotations to continue with a potential goal at the level of 0.4025. An additional signal in favor of raising Ripple will be a test of the trend line on the relative strength index (RSI). The cancellation of cryptocurrency growth will be a breakdown of the 0.2735 area. This will indicate a continuation of the fall.