Ripple XRP/USD traded at 0.3231 and continue to move in the bullish correction. Capitalization of the cryptocurrency at the time of publication of the forecast remains at $ 13 406 977 594. At this time, we should expect the test of the resistance area near the level of 0.3350 and the continuation of the fall of the cryptocurrency into the area below the level of 0.2950.
Ripple (XRP/USD) technical analysis August 23, 2018
In favor of lowering the quotations of XRP/USD, a bearish trend line test on the relative strength index (RSI) will perform. The cancellation of the variant of the fall of the cryptocurrency will be a strong growth and the closing of quotations above the level of 0.3650, which will indicate the breakdown of the resistance area and the continuation of the growth of XRP/USD to the area above the level of 0.4100. With the breakdown of the bottom border of the rising channel and the closing below the level of 0.3050, it is necessary to expect confirmation of the development of the bearish trend in Ripple.
Ripple (XRP/USD) technical analysis August 23, 2018 suggests an attempt to test the resistance level near the area of 0.3350, where it is expected to continue falling of the cryptocurrency with a potential target at 0.2950, an additional signal in favor of the Ripple decline will be a resistance line test on the relative strength index (RSI).
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