Ripple XRP/USD traded at 0.3987 and continue to move within a bearish trend. At the moment, we should expect an attempt to test the resistance area near the level of 0.4165 and continue the decline of the cryptocurrency in the area below the level of 0.3645.
Ripple (XRP/USD) technical analysis August 8, 2018
In favor of falling quotations XRP/USD will perform a downlink test on the indicator of relative strength index (RSI). Canceling the option to reduce the cryptocurrency is a strong growth and breakdown of the upper border of the channel and the closing of quotes above the level of 0.4250, which indicates the continued growth of XRP/USD in the area above the level of 0.4650. With the breakdown of the support area and the closing below the level of 0.3820, it is expected to accelerate the development of the bearish trend for Ripple.
Ripple (XRP/USD) technical analysis August 8, 2018 suggests an attempt to test the resistance level near the area 0.4165, from which it is expected to continue falling of the cryptocurrency with a potential target at 0.3645, an additional signal in favor of the Ripple decline will be a resistance area test on the relative strength index (RSI).
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