Ripple XRP/USD are trading at 0.3079 and continue to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. Cryptocurrency capitalization at the time of the publication of the forecast is $12 988 793 071. Moving averages indicate the presence of an upward trend in Ripple. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.3105. Further, the continuation of the fall of cryptocurrency in the region below the level of 0.2945.
Ripple Forecast and XRP/USD Analysis April 2, 2019
In favor of the fall of XRP/USD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. The second signal will be the formation of the head and shoulders reversal pattern. Cancellation of the option of falling cryptocurrency will be a strong growth and closing of quotations above the level of 0.3155. This will indicate a breakdown of the resistance area and continued growth of XRP/USD to the area above the level of 0.3245. With the breakdown of the support area and closure below the level of 0.3015, we should expect confirmation of the development of a decline in Ripple.
Ripple Forecast and XRP/USD Analysis April 2, 2019 involves an attempt to test the resistance level near the area of 0.3105. Where can we expect the continuation of the fall of cryptocurrency with a potential goal at the level of 0.2945. 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 option to reduce quotes will be a strong growth and the breakdown of the 0.3155 area. In this case, we should expect the continuation of the development of the upward trend in digital currency with a target above 0.3245.