Ripple XRP/USD traded at 0.50 and continue to move within the channel. At the moment, we should expect an attempt to test the resistance area near the level of 0.53 and continue the fall of the crypto currency in the area below the level of 0.45.
Ripple (XRP/USD) technical analysis June 19, 2018
In favor of falling quotations XRP/USD will come the test of the downward trend line on the indicator of relative strength index (RSI). The cancellation of the fall option will result in strong growth and breakdown of the upper boundary of the bearish channel and a close above 0.56, which will indicate the continued growth of XRP/USD in the area above 0.60. With the breakdown of the support area and the closing below the level of 0.54, we should expect a confirmation of the development of the bearish trend for Ripple.
Ripple (XRP/USD) technical analysis June 19, 2018 suggests an attempt to test the resistance level near the area of 0.57, from which it is expected to continue the fall of the cryptocurrency with a potential target at 0.50, an additional signal in favor of the fall of Ripple will come the test of the downtrend line on the indicator relative strength index (RSI).
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