Ripple XRP/USD traded at 0.59 and continue to move in the bearish trend. At the moment, we should expect an attempt to test the support area near the level of 0.55 and continue the growth of the cryptocurrency in the area above the level of 0.69.
Ripple (XRP/USD) technical analysis June 1, 2018
In favor of the growth of quotations XRP/USD will break down the descending line of the trend on the indicator of relative strength index (RSI), as well as the formation of the reversal model inverted «Head and Shoulders».
Cancellation of the growth option will be a breakdown of the local minimum and a close below 0.52, which will indicate the continuation of the fall of XRP/USD in the area below the level of 0.45. With the breakdown of the resistance area and the closing above the level of 0.62, we should expect confirmation of the development of the bullish trend for Ripple.
Ripple (XRP/USD) technical analysis June 1, 2018 suggests a test of the support level near 0.55, from which it is expected to grow a cryptocurrency with a potential target at 0.69, an additional signal in favor of Ripple’s growth will be a breakdown of the trend line on the indicator of relative strength index (RSI).
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