Ripple XRP/USD close the trading week at 0.3134 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 0.2770. Where once again we should expect a rebound and continued growth of cryptocurrency in the region above the level of 0.4250.
Ripple Forecast and Analysis March 4 — 8, 2019
In favor of the growth of XRP/USD quotes in the current trading week of March 4 — 8, 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 0.2550 area. This will indicate a breakdown of the support area and the continuation of a fall in XRP/USD quotes. A confirmation of the growth of cryptocurrency will be a breakdown of the upper boundary of the «Triangle» model and the closing of quotes above the level of 0.3565.
Ripple Forecast and Analysis March 4 — 8, 2019 involves an attempt to test the support level near the 0.2770 area. Where can we expect to continue the growth of quotations with a potential target at the level of 0.4250. 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 a breakdown of the 0.2550 area. This will indicate a continuation of the fall.