Ripple XRP/USD traded at 0.3089 and continue to move within the correction. Capitalization of the cryptocurrency at the time of publication of the forecast is $ 12 755 485 732. At the moment, we should expect a test of the resistance area near the level of 0.3250 and the continuation of the fall of the cryptocurrency in the area below the level of 0.2500.
Ripple (XRP/USD) technical analysis August 24, 2018
In favor of lowering the quotations of XRP/USD, a downtrend test on the relative strength index (RSI) will perform. Cancellation of the variant of the fall of the cryptocurrency will be a strong growth and closing of quotations above the level of 0.3400, which will indicate the breakdown of the resistance area and the continued growth of XRP USD in the area above the level of 0.4000. With the breakdown of the support area and the closing below the level of 0.2950, we should expect a confirmation of the development of the bearish trend for Ripple.
Ripple (XRP/USD) technical analysis August 24, 2018 suggests an attempt to test the resistance level near the area of 0.3250, from which it is expected to continue falling of the cryptocurrency with a potential target at 0.2500, an additional signal in favor of the Ripple decline will be a test of the resistance line on the indicator of relative strength index (RSI), there will be a strong growth and breakdown of the region of 0.3400, in this case it is necessary to expect the continuation of growth.
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