Ripple XRP/USD traded at 0.2970 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $12 672 111 020. Moving averages indicate a bearish trend in Ripple. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.3025. Further, the continuation of the fall of cryptocurrency in the area below the level of 0.2785.
Ripple Forecast and XRP/USD Analysis March 5, 2019
In favor of reducing the XRP/USD quotes, a test of the bearish trend line on the relative strength index (RSI) will come out. Cancellation of the option of falling cryptocurrency will be a strong growth and closing of quotations above the level of 0.3165. This will indicate a breakdown of the resistance area and continued XRP/USD growth in the area above the level of 0.3355. With the breakdown of the area of support and closing below 0.2855, we should expect confirmation of the development of a decline in Ripple.
Ripple Forecast and XRP/USD Analysis March 5, 2019 involves an attempt to test the resistance level near the area of 0.3025. Where can we expect the continuation of the fall of cryptocurrency with a potential goal at the level of 0.2785. 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 of falling quotations will be a strong growth and the breakdown of the 0.3165 area. In this case, we should expect the continuation of the development of an upward trend in digital currency with a target above 0.3355.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
