Ripple (XRP/USD) technical analysis July 31, 2018


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Ripple XRP/USD traded at 0.4386 and continue to move within the correction. At the moment, we should expect an attempt to test the resistance area near the level of 0.4450 and continue the decline of the crypto currency in the area below the level of 0.3980.

Ripple (XRP/USD) technical analysis July 31, 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 will be a strong growth and breakdown of the upper border of the channel and the closing of quotes above 0.45, which indicates the breakdown of the upper limit of the model «Triangle» and the continued growth of XRP/USD in the area above 0.50. With the breakdown of the lower boundary of the model and the closing below the level of 0.4150, one should expect a confirmation of the development of the bearish trend in Ripple.

Ripple (XRP/USD) technical analysis July 31, 2018

Ripple (XRP/USD) technical analysis July 31, 2018 suggests an attempt to test the resistance level near the area 0.44, from which it is expected to continue the fall of the cryptocurrency with a potential target at 0.39, an additional signal in favor of the Ripple decline is the trend line test on the relative strength index (RSI).


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