Ripple XRP/USD are trading at 0.2994 and continue to move in line with the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $12 684 434 000. 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 0.3035. Further, the continuation of the fall of cryptocurrency in the area below the level of 0.2775.
Ripple Forecast and XRP/USD Analysis March 6, 2019
In favor of reducing the XRP/USD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower border of the «Triangle» model. 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 closure below 0.2895, we should expect confirmation of the development of a decline in Ripple.
Ripple Forecast and XRP/USD Analysis March 6, 2019 involves an attempt to test the resistance level near the area of 0.3035. Where can we expect the continuation of the fall of cryptocurrency with a potential goal at the level of 0.2775. 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.
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