Ripple XRP/USD traded at 0.2707 and continue to move within the bearish. At the moment, we should expect an attempt to test the resistance area near the level of 0.2800 and continue the decline of the cryptocurrency in the area below the level of 0.1650.
Ripple (XRP/USD) technical analysis August 16, 2018
In favor of falling quotations XRP/USD will test the trend line on the indicator of relative strength index (RSI). The cancellation of the option to reduce the cryptocurrency will be a strong growth and the closing of quotations above the level of 0.3100, which will indicate a breakdown of resistance and the continued growth of XRP/USD in the area above the level of 0.3550. With the breakdown of the support area and the closing below the level of 0.2350, we expect to accelerate the development of the downward trend for Ripple.
Ripple (XRP/USD) technical analysis August 16, 2018 suggests an attempt to test the resistance level near the area of 0.2800, from which it is expected to continue the fall of the cryptocurrency with a potential target at 0.1650, 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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