Ripple XRP/USD are traded at 0.3117 and continue to move as part of the correction and the formation of an inverted «Head and Shoulders» model. Cryptocurrency capitalization at the time of the publication of the forecast is $13 205 283 278. Moving averages indicate a bullish Ripple trend. At the moment, we should expect an attempt to fall and a test of the support level near the area of 0.3055. Further, the continuation of cryptocurrency growth in the region above the level of 0.3510.
Ripple Forecast and XRP/USD Analysis February 28, 2019
In favor of lifting the XRP/USD quotes, a test of the rising trend line on the relative strength index (RSI) will be made. As well as a rebound from the lower boundary of the bullish channel. Cancellation of the option of cryptocurrency growth will be the fall and close of quotes below the level of 0.2895. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of XRP/USD to the area below the level of 0.2650. With the breakdown of the resistance area and closure above the level of 0.3355, we should expect confirmation of the development of growth in Ripple.
Ripple Forecast and XRP/USD Analysis February 28, 2019 implies an attempt to test the support level near 0.3055. Where can we expect the continued growth of cryptocurrency with a potential goal at the level of 0.3510. An additional signal in favor of raising Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth of quotations will be the fall and the breakdown of the 0.2895 area. In this case, we should expect the continuation of the downward trend in digital currency with a target below 0.2650.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
