Ripple XRP/USD traded at 0.59 and continue to move in the bearish trend. At the moment, we should expect an attempt to test the resistance area near the level of 0.63 and continue the fall of the crypto currency in the area below 0.50.
Ripple (XRP/USD) technical analysis on March 24, 2018
In favor of falling quotations XRP/USD will perform a bearish trend line test on the indicator of relative strength index (RSI). Cancellation of the fall option will be a breakdown of the resistance level and a close above 0.65, which indicates a breakdown of the upper border of the channel and the continuation of the growth of XRP/USD in the area above the level of 0.75. With the breakdown of the support area and the closing below the level of 0.55, one should expect a confirmation of the development of the bearish trend in Ripple.
Ripple (XRP/USD) technical analysis on March 24, 2018 suggests a test of the resistance level near 0.63, from which it is expected to drop a cryptocurrency with a potential target at 0.50, an additional signal in favor of the Ripple decline will be a test of the trend line on the indicator of relative strength index (RSI).
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