Ripple XRP/USD are traded at 0.87 and continue to move in a bearish trend. At the moment, we should expect an attempt to test the support area near the level of 0.65 and continue growth to the area above 1.30, as part of the development of the «Head and Shoulders» reversal model.
Ripple forecast & technical analysis February 10, 2018
In favor of the growth of quotations XRP/USD will perform a test of the support line on the indicator of relative strength index (RSI). Cancellation of the growth option will be a breakdown at 0.50, which will indicate the cancellation of the formation of the reversal pattern and the continuation of the fall of XRP/USD in the area below the level of 0.30. With the breakdown of the resistance area and the closing above the level of 0.95, one should expect a confirmation of the growth of Ripple quotes.
Ripple forecast & technical analysis February 10, 2018 suggests a test of the support level near 0.65, from which we expect the growth of the cryptocurrency with the potential target at 1.30, an additional signal in favor of Ripple growth will be a test of the trend line on the indicator of relative strength index (RSI).
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