Ripple XRP/USD are traded at the level of 0.74 and continue to move in the bearish trend. At this point, we should expect an attempt to test the resistance area near the level of 0.85 and continue falling into the area below the level of 0.45. 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 bearish channel.
Ripple forecast & technical analysis February 9, 2018
The abolition of the decline option will be a breakdown at the level of 0.95, which will indicate the breakdown of the resistance area and the continued growth of XRP/USD to the area above the level of 1.10. With the breakdown of the support area and the closing below the level of 0.55, one should expect a confirmation of the drop in Ripple quotes.
Ripple forecast & technical analysis February 9, 2018 suggests a test of the resistance level near 0.85, from which it is expected to drop the cryptocurrency with a potential target at 0.45, 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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