Ripple XRP/USD close the trading week at 0.3074 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 area of 0.2930. Where once again we can expect a rebound and continued growth of cryptocurrency in the region above the level of 0.4210.
Ripple Forecast and Analysis March 11 — 15, 2019
In favor of the growth of XRP/USD quotes in the current trading week of March 11 — 15, 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 growth option Ripple cryptocurrency will fall and the breakdown of the 0.2650 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 0.3475.
Ripple Forecast and Analysis March 11 — 15, 2019 involves an attempt to test the support level near the 0.2930 area. Where can we expect the growth of quotations to continue with a potential target at the level of 0.4210. An additional signal in favor of raising Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of cryptocurrency growth will be the breakdown of the 0.2650 area. This will indicate a continuation of the fall.