Ripple XRP/USD is trading at 0.3149 and continues to move within the framework of the correction and the formation of the «Triangle» model. XRP/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates an uptrend on Ripple. As part of the Ripple Forecast and Analysis XRP/USD March 8, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.3105. Where can we expect a rebound and an attempt to continue the growth of XRP/USD cryptocurrency with a goal near the level of 0.3400.
Ripple Forecast and Analysis XRP/USD March 8, 2019
An additional signal in favor of the growth of cryptocurrency XRP/USD will be the test area of support. 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 0.3035. The nearest resistance area is located at 0.3205. The support area for XRP/USD is located at 0.3055.
Cancellation of the Ripple cryptocurrency growth option will be the fall and breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the 0.3005 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 upper limit of the model «Triangle» and closing above the level of 0.3255.
Ripple Forecast and Analysis XRP/USD March 8, 2019 implies an attempt to correct cryptocurrency and a test level of 0.3105. Where can we expect to continue the growth rate of Ripple with a potential target near the level of 0.3400. Cancellation of the lifting option will be the fall and breakdown of the 0.3005 area. In this case, we should expect a continuation of the decline of cryptocurrency with a potential goal at the level of 0.2745.