Ripple XRP/USD are traded at 0.66 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 0.68 and continue the fall of the cryptocurrency in the area below 0.50.
Ripple forecast & technical analysis on March 17, 2018
In favor of falling quotations XRP/USD will test the resistance line on the indicator of relative strength. Cancellation of the variant of the fall will be a breakdown at the level of 0.75, which will indicate the breakdown of the upper boundary of the channel and the continuation of the growth of XRP/USD to the area above 0.90. With the breakdown of the lower bound of the «Triangle» model and the closing below 0.60, one should expect confirmation of the development of the bearish trend for Ripple.
Ripple forecast & technical analysis on March 17, 2018 suggests a test of the resistance level near 0.68, from where it is expected to drop a cryptocurrency with a potential target at 0.50, an additional signal in favor of the Ripple decline is the trend line test on the relative strength index (RSI).
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