Ripple XRP/USD is trading at 0.3039 and continues to move in decline. 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 6, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.3115. Where should we expect a rebound and an attempt to continue the fall of the XRP/USD cryptocurrency with a target near the level of 0.2800.
Ripple Forecast and Analysis XRP/USD March 6, 2019
An additional signal in favor of the fall of the XRP/USD cryptocurrency will be the test of the resistance area. Previously, a strong signal was received for the SELL of Ripple cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 0.3115. The nearest resistance area is located at 0.3205. The support area for XRP/USD is at the level of 0.3000.
Cancellation of the option of falling Ripple cryptocurrency will be a strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the 0.3225 area. This option will indicate a change in the bearish trend in favor of the upward trend and the continued growth of cryptocurrency. Expect to accelerate the fall in quotes XRP/USD stands with the breakdown of the lower boundary of the upward channel and closing below 0.2965.
Ripple Forecast and Analysis XRP/USD March 6, 2019 suggests an attempt to correct cryptocurrency and a test level of 0.3115. Where can we expect to continue the fall of the Ripple rate with a potential target near the level of 0.2800. Cancellation of the reduction option will be a strong growth and the breakdown of the 0.3225 area. In this case, we should expect a continuation of the rise of cryptocurrency with a potential goal of 0.3450.