Ripple XRP/USD are trading at 0.3012 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 $12 897 871 175. Moving averages indicate a downward trend in Ripple. At the moment, we should expect an attempt to reduce and test the support level near the area of 0.2965. Further, the continuation of cryptocurrency growth in the region above the level of 0.3185.
Ripple Forecast and XRP/USD Analysis March 29, 2019
In favor of the growth of XRP/USD quotes, a test of the broken uptrend trend on the relative strength index (RSI) will be made. The second signal will be the formation of a reversal pattern. Cancellation of the option of cryptocurrency growth will be the fall and close of quotes below the level of 0.2870. This will indicate a breakdown of the support area and the continuation of the fall of XRP/USD to the area below the level of 0.2725. With the breakdown of the resistance area and closure above 0.3095, we should expect confirmation of the development of growth in Ripple.
Ripple Forecast and XRP/USD Analysis March 29, 2019 involves an attempt to test the support level near the 0.2965 area. Where can we expect to continue the growth of cryptocurrency with a potential target at the level of 0.3185. An additional signal in favor of raising Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of growth options quotes will fall and the breakdown of 0.2870 area. In this case, we should expect the continuation of the development of the downward trend in digital currency with a target below 0.2725.