Ripple XRP/USD traded at the level of 0.75 and continue to move within the limits of the decline. At the moment, we should expect an attempt to test the upper limit of the «Triangle» model near the 0.80 level and continue the fall of the cryptocurrency into the area below the level of 0.65.
Ripple forecast & technical analysis on March 15, 2018
In favor of falling quotations XRP/USD will test the resistance line on the indicator of relative strength. Cancellation of the fall option will be a breakdown at the level of 0.85, which will indicate the continued growth of XRP/USD in the area above the level of 1.00. With the breakdown of the lower bound of the «Triangle» model and the closing below the level of 0.70, one should expect confirmation of the development of the bearish trend for Ripple.
Ripple forecast & technical analysis on March 15, 2018 suggests a test of the resistance level near 0.80, from where it is expected to drop a cryptocurrency with a potential target at 0.65, an additional signal in favor of the Ripple decline is the trend line test on the relative strength index (RSI).
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