Ripple XRP/USD is trading at 0.3112 and continues to move as part of the correction. XRP/USD quotes are moving below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bearish trend for Ripple. As part of the Ripple Forecast and Analysis XRP/USD March 1, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.3175. 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 0.2820.
Ripple Forecast and XRP/USD Analysis March 1, 2019
An additional signal in favor of reducing 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 0.3200. 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 0.3255 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 fall of XRP/USD quotes with the breakdown of the lower boundary of the upward channel and closing below 0.3005.
Ripple Forecast and XRP/USD Analysis March 1, 2019 involves an attempt to correct cryptocurrency and a test level of 0.3175. Where can we expect to continue the fall of the Ripple rate with a potential target near the level of 0.2820. The cancellation of the reduction option will be a strong growth and a breakdown of the 0.3255 area. In this case, we should expect a continuation of the rise of cryptocurrency with a potential goal at the level of 0.3550.