Ripple is trading at 0.3160 and continues to move within the correction and the downward channel. XRP/USD quotes are moving below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a downward trend for Ripple. As part of the digital currency exchange rate forecast for April 22, 2019. A test of the lower border of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.3260. Where should we expect a rebound and an attempt to continue the fall of the XRP/USD cryptocurrency with a goal near the level of 0.2905.
Ripple Forecast and Analysis XRP/USD April 22, 2019
An additional signal in favor of the fall of the XRP/USD cryptocurrency will be the test of the resistance area. The second signal will be a rebound from the upper boundary of the downward channel. Earlier, a medium strength signal was received for SELL the Ripple cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 0.3270. The nearest resistance area is located at 0.3320. The support area for XRP/USD is at the level of 0.3080.
Cancellation of the option of falling Ripple cryptocurrency will be a strong growth and the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the 0.3395 area. This option will indicate a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency. Expect to accelerate the fall in prices XRP/USD stands with the breakdown of the support area and closing below 0.3045.
Ripple Forecast and Analysis XRP/USD April 22, 2019 implies an attempt to correct cryptocurrency and a test level of 0.3260. Where can we expect to continue the fall of the Ripple with a potential target near the level of 0.2905. Cancellation of the fall option will be a strong growth and the breakdown of the area of 0.3395. In this case, we should expect a continuation of the rise of cryptocurrency with a potential goal of 0.3795.