Ripple XRP/USD are trading at 0.3113 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $13 077 148 490. Moving averages indicate a Ripple sideways trend. At the moment, we should expect an attempt to fall and a test of the support level near the area of 0.3035. Further, the continued growth of cryptocurrency in the region above the level of 0.3335.
Ripple Forecast and XRP/USD Analysis March 8, 2019
In favor of the growth 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 a rebound from the lower border of the «Triangle» model. Cancellation of the option of cryptocurrency growth will be the fall and close of quotes below the level of 0.2925. 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 upper boundary of the «Triangle» model and closure above the level of 0.3205, we should expect confirmation of the development of growth in Ripple.
Ripple Forecast and XRP/USD Analysis March 8, 2019 involves an attempt to test the support level near 0.3035. Where can we expect to continue the growth of cryptocurrency with a potential goal at the level of 0.3335. 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 0.2925 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.
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