Ripple XRP/USD traded at 0.3001 and continue to move within the start of the «Triangle» model. Capitalization of the cryptocurrency at the time of publication of the forecast is $12 229 400 888. 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 fall of the cryptocurrency into the area below the level of 0.2350.
Ripple (XRP/USD) technical analysis September 6, 2018
In favor of the growth of quotations XRP/USD will test the trend line on the indicator of relative strength index (RSI). Cancellation of the variant of the fall of the cryptocurrency will be a strong growth and closing of quotations above the level of 0.3450, which will indicate the breakdown of the upper border of the channel and the continued growth of XRP/USD to the area above the level of 0.3750. With the breakdown of the support area and the closing below the level of 0.2800, one should expect a confirmation of the development of the bearish trend in Ripple.
Ripple (XRP/USD) technical analysis September 6, 2018 suggests an attempt to test the lower bound of the «Triangle» model near the area of 0.3150, from which it is expected to continue the fall of the cryptocurrency with a potential target at 0.2350, an additional signal in favor of the Ripple decline will be a trend line test on the relative strength index (RSI), the cancellation of the variant of falling quotations will be a strong growth and breakdown of the area of 0.3450, in this case it is necessary to expect the continuation of the development of the bullish trend in the digital currency.
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