Ripple XRP/USD traded at 0.63 and continue to move in a bearish trend. At the moment, we should expect an attempt to test the support area near the level of 0.61 and continue the growth of the crypto currency in the area above the level of 0.85.
Ripple (XRP/USD) technical analysis June 6, 2018
In favor of the growth of quotations XRP/USD will break down the bearish 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 0.70, one should expect confirmation of the development of the bullish trend in Ripple.
Ripple (XRP/USD) technical analysis June 6, 2018 suggests an attempt to test the support level near 0.61, from which it is expected to grow the cryptocurrency with a potential target at 0.85, an additional signal in favor of Ripple growth will be a breakdown of the trend line on the indicator of relative strength index (RSI).
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