Ripple XRP/USD traded at 0.65 and continue to move in a bearish trend. At the moment, we should expect an attempt to test the resistance area near the level of 0.68 and continue the fall of the cryptocurrency in the area below the level of 0.55.
Ripple (XRP/USD) technical analysis on March 23, 2018
In favor of falling quotations XRP/USD will perform a downtrend test on the indicator of relative strength index (RSI). Cancellation of the fall variant will be a breakdown of the resistance level and a close above 0.75, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of XRP/USD to the area above the level of 0.85. With the breakdown of the support area and the closing below 0.60, one should expect a confirmation of the development of the bearish trend for Ripple.
Ripple (XRP/USD) technical analysis on March 23, 2018 suggests an attempt to test the resistance level near 0.68, from which it is expected to drop the cryptocurrency with the potential target at 0.50, an additional signal in favor of the Ripple decline is the trend line test on the relative strength index (RSI).
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