Ripple (XRP/USD) technical analysis August 9, 2018


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Ripple XRP/USD traded at 0.3292 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 0.3610 and continue the decline of the cryptocurrency in the area below the level of 0.2650.

Ripple (XRP/USD) technical analysis August 9, 2018

In favor of falling quotations XRP/USD will test the trend line 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 0.4150, which indicates the continued growth of XRP/USD in the area above the level of 0.5000. With the breakdown of the support area and the closing below the level of 0.3150, it is expected to accelerate the development of the bearish trend for Ripple.

Ripple (XRP/USD) technical analysis August 9, 2018

Ripple (XRP/USD) technical analysis August 9, 2018 suggests an attempt to test the resistance level near the area of ​​0.3610, from which it is expected to continue the fall of the cryptocurrency with a potential target at 0.2750, an additional signal in favor of the Ripple decline is the resistance area test on the relative indicator index (RSI).

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