Ripple XRP/USD traded at 0.327 and continue to move in the formation of the model «Triangle». Capitalization of the cryptocurrency at the time of publication of the forecast is $13 363 918 139. At the moment, we should expect an attempt to test the lower limit of the «Triangle» model near the level of 0.3150 and continue the growth of the cryptocurrency in the area above the level of 0.3600.
Ripple (XRP/USD) technical analysis September 5, 2018
In favor of the growth of quotations XRP/USD will test the trend line on the indicator of relative strength index (RSI). Canceling the variant of the growth of the cryptocurrency will be the drop and the closing of quotations below the level of 0.3000, which will indicate the breakdown of the lower limit of the «Triangle» model and the continuation of the fall of XRP/USD to the area below the level of 0.2750. With the breakdown of the upper limit of the model and the closing above the level of 0.3500, one should expect confirmation of the development of the bullish trend in Ripple.
Ripple (XRP/USD) technical analysis September 5, 2018 suggests an attempt to test the lower limit of the «Triangle» model near the area of 0.3150, from which it is expected to continue the growth of the cryptocurrency with a potential target at 0.3600, an additional signal in favor of Ripple growth will be a test of the support line on the indicator of relative strength index (RSI), the cancellation of the variant of growth of quotations will be the fall and breakdown of the region of 0.3000, in this case it is necessary to expect the continuation of the development of the bearish trend in the digital currency.
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