Ripple XRP/USD traded at 0.3231 and continue to move in the bullish correction. Capitalization of cryptocurrency at the time of publication of the forecast remains at $ 13 252 739 692. At the moment, we should expect a test of the resistance area near the level of 0.3320 and the continuation of the fall of the crypto currency in the area below the level of 0.2645.
Ripple (XRP/USD) technical analysis August 22, 2018
In favor of lowering the quotations of XRP/USD, a downtrend test on the relative strength index (RSI) will perform. The cancellation of the variant of the fall of the cryptocurrency will be a strong growth and the closing of quotations above the level of 0.3650, which will indicate the breakdown of the resistance area 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 closing below the level of 0.2980, we should expect a confirmation of the development of the downward trend for Ripple.
Ripple (XRP/USD) technical analysis August 22, 2018 suggests an attempt to test the resistance level near the area of 0.3320, where it is expected to continue falling of the cryptocurrency with a potential target at 0.2645, an additional signal in favor of the Ripple decline will be a resistance line test on the relative strength index (RSI), there will be a strong growth and breakdown of the region of 0.3650, in this case it is expected to continue growth.
