Ripple XRP/USD are traded at 0.61 and continue to move in a bearish trend. At the moment, we should expect an attempt to test the resistance area near the level of 0.75 and continue falling to the area below the level of 0.40. In favor of falling quotations XRP/USD will test the resistance line on the indicator of relative strength index (RSI), as well as test the upper boundary of the descending channel.
Ripple forecast & technical analysis February 7, 2018
Cancellation of the reduction option will be a breakdown at the level of 0.85, which will indicate the breakdown of the resistance area and the continued growth of XRP/USD in the area above the level of 1.10. With breakdown of the lower border of the channel and closing below the level of 0.45, it is expected to accelerate the fall of quotations Ripple.
Ripple forecast & technical analysis February 7, 2018 suggests a test of the resistance level near 0.75, from which it is expected to drop the cryptocurrency with a potential target at 0.40, an additional signal in favor of falling Ripple will test the trend line on the indicator of relative strength index (RSI).
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