Ripple XRP/USD traded at the level of 0.56 and continue to move within the formation of the model «Triangle». 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 June 12, 2018
In favor of falling quotations XRP/USD will come the test of the downward trendline on the indicator of relative strength index (RSI). The cancellation of the fall variant will result in a strong growth and breakdown of the upper bound of the «Triangle» model and a close above the level of 0.59, indicating that the growth of XRP/USD will continue to the level above 0.65. With the breakdown of the support area and the closing below the level of 0.54, we should expect a confirmation of the development of the bearish trend for Ripple.
Ripple (XRP/USD) technical analysis June 12, 2018 suggests an attempt to test the resistance level near the area of 0.57, from which it is expected to continue the fall of the cryptocurrency with a potential target at 0.50, an additional signal in favor of the fall of Ripple will come the test of a downtrend line on the indicator relative strength index (RSI).
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