Ripple is trading at 0.3563 and continues to move as part of growth. XRP/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates an uptrend on Ripple. As part of the digital currency exchange rate forecast for April 7, 2019. A test of the area of the Ichimoku Kinko Hyo signal lines is expected near the level of 0.3500. Where can we expect a rebound and an attempt to continue the growth of XRP/USD cryptocurrency with a goal near the level of 0.4005.
Ripple Forecast and Analysis XRP/USD April 7, 2019
An additional signal in favor of raising the XRP/USD cryptocurrency will be the test of the support area. The second signal will be a rebound from the upper boundary of the rising channel. Earlier, a weak signal was received for BUY the Ripple cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 0.3060. The nearest resistance area is located at 0.3805. The support area for XRP/USD is at the level of 0.3305.
Cancellation of the Ripple cryptocurrency growth option will be a fall and a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the 0.3205 area. This option will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of the cryptocurrency. Expect to accelerate the growth of quotes XRP/USD stands with the breakdown of the resistance area and closing above the level of 0.3825.
Ripple Forecast and Analysis XRP/USD April 7, 2019 implies an attempt to correct cryptocurrency and a test level of 0.3500. Where can we expect to continue the growth rate of Ripple with a potential target near the level of 0.4005. Cancellation of the lifting option will be the fall and breakdown of the 0.3205 area. In this case, we should expect a continuation of the decline of cryptocurrency with a potential goal at the level of 0.2955.