Ripple XRP/USD traded at 0.3176 and continue to move within a bearish trend. At this point, we should expect an attempt to test the resistance area near the level of 0.3370 and continue the fall of the cryptocurrency in the area below the level of 0.2270.
Ripple (XRP/USD) technical analysis August 21, 2018
In favor of lowering the quotes XRP/USD will make the formation of the reversal model «Head and Shoulders» on the indicator of relative strength index (RSI). Cancellation of the variant of the fall of the cryptocurrency will be a strong growth and closing of quotations above the level of 0.3650, which will indicate the breakdown of the upper boundary of the bearish channel and the continuation of the growth of XRP/USD to the area above the level of 0.4100. With the breakdown of the support area and the closure below the level of 0.3000, we should expect a confirmation of the development of the bearish trend for Ripple.
Ripple (XRP/USD) technical analysis August 21, 2018 suggests an attempt to test the resistance level near the area of 0.3370, from where it is expected to continue falling of the crypto currency with a potential target at 0.2270, an additional signal in favor of Ripple decline will be the formation of a reversal model on the indicator of relative strength index (RSI).
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