Ripple (XRP/USD) technical analysis August 2, 2018


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Ripple XRP/USD traded at 0.4334 and continue to move within the bearish trend. At the moment, we should expect an attempt to test the resistance area near the level of 0.4455 and continue to reduce the cryptocurrency in the area below the level of 0.4050.

Ripple (XRP/USD) technical analysis August 2, 2018

In favor of falling quotations XRP/USD will test the resistance area 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 0.4550, which indicates the breakdown of the upper boundary of the descending channel and the continuation of the growth of XRP/USD to the area above 0.4850. With breakdown of the lower border of the channel and closing below the level of 0.4010, it is expected to accelerate the development of the bearish trend for Ripple.

Ripple (XRP/USD) technical analysis August 2, 2018

Ripple (XRP/USD) technical analysis August 2, 2018 suggests a test of the resistance level near the area of ​​0.4455, from which it is expected to continue the fall of the cryptocurrency with a potential target at 0.4050, an additional signal in favor of the Ripple decline will be a resistance area test on the relative indicator index (RSI).

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