Ripple XRP/USD traded at 0.65 and continue to move in a bearish trend. At the moment, we should expect an attempt to test the resistance area near the level of 0.70 and continue the fall of the cryptocurrency in the area below 0.50.
Ripple (XRP/USD) technical analysis on March 21, 2018
In favor of falling quotes XRP/USD is the formation of the reversal model «Head and Shoulders» on the indicator of relative strength index (RSI). Cancellation of the fall variant will be a breakdown of the resistance level and a close above 0.75, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of XRP/USD to the area above the level of 0.85. With the breakdown of the support area and the closing below 0.60, one should expect a confirmation of the development of the bearish trend for Ripple.
Ripple (XRP/USD) technical analysis on March 21, 2018 suggests a test of the resistance level near 0.70, from which it is expected to drop a cryptocurrency with a potential target at 0.50, an additional signal in favor of reducing Ripple is the formation of the reversal model «Head and Shoulders» on the indicator of relative strength index (RSI).
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