Ripple XRP/USD traded at 0.2773 and continue to move within the bearish trend. At the moment, we should expect an attempt to test the support area near the level of 0.2500 and continue the growth of the cryptocurrency in the area above the level of 0.3320.
Ripple (XRP/USD) technical analysis August 17, 2018
In favor of the growth of quotations XRP/USD will perform a test of the broken trend line on the indicator of relative strength index (RSI), as well as the formation of the reversal model «Head and Shoulders». Canceling the variant of the growth of the cryptocurrency will be the drop and the closing of quotations below the level of 0.2250, which will indicate the breakdown of the support area and the continuation of the decline of XRP/USD to the area below the level of 0.1650. With the breakdown of the resistance area and the closing above the level of 0.3050, one should expect confirmation of the development of the bullish trend in Ripple.
Ripple (XRP/USD) technical analysis August 17, 2018 suggests a test of the support level near the area of 0.2500, from which it is expected to continue the growth of the cryptocurrency with a potential target at 0.3320, an additional signal in favor of Ripple growth will be a test of the support line on the indicator of relative strength index (RSI).
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