Ripple XRP/USD traded at the level of 0.2704 and continue to move within the formation of the model «Triangle». Capitalization of the cryptocurrency at the time of publication of the forecast is $10 927 973 449. At the moment, we should expect an attempt of the resistance level test near the area of 0.2800 and the continuation of the fall of the cryptocurrency in the area below the level of 0.2300.
Ripple forecast & technical analysis September 11, 2018
In favor of the growth of quotations XRP/USD will test the trend line on the indicator of relative strength index (RSI), as well as test the upper limit of the bearish channel. Cancellation of the variant of the fall of the crypto currency will be a strong growth and closing of quotations above the level of 0.3050, which will indicate the breakdown of the upper border of the channel and the continued growth of XRP/USD to the area above the level of 0.3350. With the breakdown of the lower bound of the «Triangle» model and the closing below the level of 0.2550, one should expect a confirmation of the development of the bearish trend in Ripple.
Ripple forecast & technical analysis September 11, 2018 suggests an attempt to test the resistance level near the area of 0.2800, from where it is expected to continue the fall of the cryptocurrency with a potential target at 0.2300, an additional signal in favor of the Ripple decline is the trend line test on the relative strength index (RSI).
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