Ripple ends the trading week near the 0.3094 area. XRP/USD quotes are traded inside the Ichimoku Kinko Hyo Cloud. This indicates the presence of a flat trend for Ripple. As part of the forecast of the digital currency exchange rate for the trading week March 11 — 15, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.3165. Where should we expect a rebound and an attempt to continue the fall of cryptocurrency with a goal near the level of 0.2250.
Ripple Analysis and Forecast March 11 — 15, 2019
An additional signal in favor of the fall of cryptocurrency will be the test of resistance level. The second signal will be a rebound from the upper boundary of the model «Triangle». Earlier, a medium strength signal was received for the SELL the Ripple. The signal was formed due to the intersection of signal lines at the level of 0.3085. The nearest resistance area is at 0.3500. The area of support for XRP/USD is located at 0.2700.
Canceling the option of falling Ripple quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with quotes closing above the 0.3500 area. This will indicate a change in the lateral trend in favor of an upward trend. Expect to accelerate the fall of cryptocurrency costs with the breakdown of the lower boundary of the model «Triangle» and closing below 0.2950.
Ripple Analysis and Forecast March 11 — 15, 2019 suggests an attempt to develop a correction to the level of 0.3165. Where can we expect a rebound and the continuation of the fall of cryptocurrency with a potential goal near the level of 0.2250. In favor of reducing the test will perform the resistance level. Cancellation of the fall option will be a breakdown of the 0.3500 area. In this case, we should expect the continuation of Ripple growth with a potential target of 0.4000.