Ripple XRP/USD traded at 0.58 and continue to move in a bearish trend. At the moment, we should expect an attempt to test the support area near the 0.50 level and continue the growth of the cryptocurrency in the area above 0.80.
Ripple forecast & technical analysis on March 19, 2018
In favor of the growth of quotations XRP/USD is the formation of the reversal model «Head and Shoulders» on the indicator of relative strength index (RSI). Cancellation of the growth option will be a breakdown of the support level and a close below 0.45, which will indicate a breakdown of support and the continuation of the fall of XRP/USD in the area below the level of 0.35. With the breakdown of the bearish trendline and closing above 0.60, one should expect confirmation of the development of growth by Ripple.
Ripple forecast & technical analysis on March 19, 2018 suggests a test of the support level near 0.50, from which it is expected to grow the cryptocurrency with the potential target at 0.80, an additional signal in favor of Ripple growth is the formation of a reversal model on the indicator of relative strength index (RSI).
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