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 resistance area near the level of 0.62 and continue the fall of the crypto currency in the area below the level of 0.51.
Ripple (XRP/USD) technical analysis May 31, 2018
In favor of falling quotations XRP/USD will come the test of the bearish trend line on the indicator of relative strength index (RSI), as well as the test of the upper boundary of the bearish channel. Cancellation of the fall variant will be a breakdown of the resistance level and a close above 0.67, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of XRP/USD in the area above the level of 0.75. With the breakdown of the support area and closing below 0.50, one should expect a confirmation of the development of the bearish trend in Ripple.
Ripple (XRP/USD) technical analysis May 31, 2018 suggests a test of the resistance level near 0.62, from which it is expected to drop a cryptocurrency with a potential target at 0.50, an additional signal in favor of the Ripple decline is the trend line test on the relative strength index (RSI).
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