Ripple XRP/USD traded at 0.65 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 0.70 and continue the fall of the cryptocurrency in the area below 0.50.
Ripple forecast & technical analysis on March 18, 2018
In favor of falling quotations XRP/USD will test the resistance line on the indicator of relative strength, as well as test the upper boundary of the descending channel. 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 support area and the closing below the level of 0.55, one should expect confirmation of the development of the bearish trend for Ripple.
Ripple forecast & technical analysis on March 18, 2018 suggests a test of the resistance level near 0.70, from where it is expected to drop the cryptocurrency with the 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).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
