Ripple XRP/USD traded at 0.2928 and continue to move within the bearish trend. At the moment, we should expect an attempt to test the upper border of the channel near the level of 0.3050 and continue the decline of the cryptocurrency in the area below the level of 0.2250.
Ripple (XRP/USD) technical analysis August 14, 2018
In favor of falling quotations XRP/USD will test the trend line on the indicator of relative strength index (RSI). Canceling the option to reduce the cryptocurrency will be a strong growth and breakdown of the upper border of the channel and the closing of quotes above the level of 0.3250, which will indicate the continued growth of XRP/USD in the area above the level of 0.3550. With the breakdown of the support area and the closing below the level of 0.2750, it is expected to accelerate the development of the bearish trend in Ripple.
Ripple (XRP/USD) technical analysis August 14, 2018 suggests an attempt to test the resistance level near the area of 0.3050, from where it is expected to continue falling of the cryptocurrency with a potential target at 0.2250, an additional signal in favor of the Ripple drop will be a resistance line test on the relative strength index (RSI).
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