Ripple XRP/USD close the trading week at 0.3080 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 grow and test the resistance level near the area of 0.3255. Where once again we should expect a rebound and the continuation of the fall of cryptocurrency in the region below the level of 0.2400.
Ripple Forecast and Analysis March 25 — 29, 2019
In favor of reducing the XRP/USD quotes in the current trading week March 25 — 29, 2019, a test of the downward trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the upper boundary of the model «Triangle». Cancellation of the option of falling Ripple cryptocurrency will be a strong growth and the breakdown of the 0.3750 area. This will indicate a breakdown of the resistance area and continued growth of XRP/USD quotes. A confirmation of the decline in cryptocurrency will be a breakdown of the lower boundary of the «Triangle» model and the closure of quotes below the level of 0.2765.
Ripple Forecast and Analysis March 25 — 29, 2019 involves an attempt to test the resistance level near the area of 0.3255. Where can we expect the continuation of the fall in quotations with a potential target at the level of 0.2400. 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 fall of the cryptocurrency will be a breakdown of the 0.3750 area. This will indicate continued growth.
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