Ripple XRP/USD close the trading week at the level of 0.3632 and continue to move as part of the growth and the beginning of the development of the «Triangle» model. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to fall and a test of the support level near the area of 0.3185. Where once again we can expect a rebound and continued growth of cryptocurrency in the region above the level of 0.5785.
Ripple Forecast and Analysis April 8 — 12, 2019
In favor of the growth of XRP/USD quotes in the current trading week of April 8 — 12, 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 upper limit of the model «Triangle». Cancellation of the option of raising the 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 the fall in XRP/USD quotes. Confirmation of the growth of cryptocurrency will be the breakdown of the resistance area and the closure of quotes above the level of 0.3975.
Ripple Forecast and Analysis April 8 — 12, 2019 involves an attempt to test the support level near the area of 0.3185. Where can we expect the growth of quotations to continue with a potential goal at the level of 0.5785. 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 the growth of cryptocurrency will be a breakdown of the 0.2735 area. This will indicate a continuation of the fall.