XRP/USD end the trading week at 0.2592 and continue to move as part of the fall. Moving averages indicate a bullish trend. However, prices broke down the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall of the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.1855. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the level of 0.5175.
Cryptocurrency XRP Forecast and Analysis January 25 — 29, 2021
An additional signal in favor of the growth of XRP quotes in the current trading week, the week January 25 — 29, 2021 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ascending channel. Cancellation of the growth option for the Ripple cryptocurrency will be a fall in prices and a breakdown of the 0.1205 area. This will indicate a breakdown of the support area and a continued fall in XRP/USD quotes with a target below 0.0095. Confirmation of the growth of the cryptocurrency will be the breakdown of the resistance area and the closing of quotations above the 0.3965 area, which will indicate a breakdown of the upper border of the descending channel.
Cryptocurrency XRP Forecast and Analysis January 25 — 29, 2021 suggests an attempt to test the support level near the 0.1855 area. Where can we expect the continued growth of quotations with a potential target at the level of 0.5175. An additional signal in favor of raising the XRP value will be a test of the trend line on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be a breakdown of the 0.1205 area. This will indicate a continued decline with a target below 0.0095.
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