Ripple XRP/USD is trading at 0.3080 and continues to move within the framework of the correction and the formation of the «Triangle» model. 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 Ripple Forecast and Analysis XRP/USD March 14, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.3105. 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 0.2800.
Ripple Forecast and Analysis XRP/USD March 14, 2019
An additional signal in favor of reducing 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 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 0.3100. The nearest resistance area is located at 0.3205. The support area for XRP/USD is at the level of 0.3005.
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 0.3205 area. This option will indicate a change in the downward trend in favor of the upward trend and continued growth of cryptocurrency. Expect to accelerate the decline in quotes XRP/USD stands with the breakdown of the lower boundary of the model «Triangle» and closing below the level of 0.3005.
Ripple Forecast and Analysis XRP/USD March 14, 2019 implies an attempt to correct cryptocurrency and a test level of 0.3105. Where can we expect to continue the fall of the Ripple rate with a potential target near the level of 0.2800. The cancellation of the reduction option will be a strong growth and the breakdown of the 0.3205 area. In this case, we should expect a continuation of the rise of cryptocurrency with a potential goal at the level of 0.3445.