Ripple XRP/USD traded at 0.2523 and continue to move within the downtrend. At the moment, we should expect an attempt to test the resistance area near the level of 0.2750 and continue the decline of the cryptocurrency in the area below the level of 0.1850.
Ripple (XRP/USD) technical analysis August 15, 2018
In favor of falling quotations XRP/USD will test the trend line on the indicator of relative strength index (RSI). Cancellation of the variant of the reduction of the cryptocurrency will be a strong growth and breakdown of the upper border of the channel and the closing of quotations above the level of 0.2950, which will indicate the continued growth of XRP/USD in the area above the level of 0.3350. With the breakdown of the support area and the closing below the level of 0.2250, it is expected to accelerate the development of the downward trend for Ripple.
Ripple (XRP/USD) technical analysis August 15, 2018 suggests an attempt to test the resistance level near the area of 0.2750, from where it is expected to continue the fall of the cryptocurrency with a potential target at 0.1850, an additional signal in favor of the Ripple drop will be a resistance line test on the relative strength index (RSI).
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