Ripple XRP/USD traded at 0.63 and continue to move in a bearish trend. At the moment, we should expect an attempt to test the support area near the level of 0.60 and continue the growth of the cryptocurrency in the area above 0.80.
Ripple (XRP/USD) technical analysis on March 20, 2018
In favor of the growth of quotations XRP/USD is the formation of the reversal model «Head and Shoulders», as well as a trend line test 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 0.50, which indicates 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 resistance area and the closing above the level of 0.70, we should expect a confirmation of the development of growth by Ripple.
Ripple (XRP/USD) technical analysis on March 20, 2018 suggests a test of the support level near 0.60, from where it is expected to grow the cryptocurrency with a potential target at 0.80, an additional signal for the growth of Ripple is the formation of the reversal model «Head and Shoulders».
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