Ripple XRP/USD traded at 0.55 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 0.57 and continue the fall of the cryptocurrency in the area below 0.50.
Ripple (XRP/USD) technical analysis on March 29, 2018
In favor of falling quotations XRP/USD will perform a downtrend test 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 0.60, which indicates a breakdown of the upper border of the channel and the continuation of the growth of XRP/USD in the area above the level of 0.70. With the breakdown of the lower bound of the «Triangle» model and the closing below the level of 0.53, one should expect a confirmation of the development of the bearish trend in Ripple.
Ripple (XRP/USD) technical analysis on March 29, 2018 suggests a test of the resistance level near 0.57, 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).