Ripple XRP/USD close the trading week at the level of 0.3105 and continue to move as part of the decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.3670. Where once again we should expect a rebound and the continuation of the decline of cryptocurrency in the region below the level of 0.2150.
Ripple Forecast and Analysis January 28 — February 1, 2019
In favor of the fall of XRP/USD quotes in the current trading week of January 28 — February 1, 2019, a test of the downward trend line on the relative strength index (RSI) will perform. Cancellation of the option of falling Ripple cryptocurrency will be a strong growth and the breakdown of the 0.4350 area. This will indicate a breakdown of the upper boundary of the channel and the continued growth of XRP/USD quotes. Confirmation of the cryptocurrency decline will be the breakdown of the lower boundary of the ascending channel and closing of quotes below the level of 0.3000.
Ripple Forecast and Analysis January 28 — February 1, 2019 involves an attempt to test the resistance level near 0.3670. Where can we expect the continuation of the fall in quotations with a potential target at the level of 0.2150. An additional signal to reduce Ripple will be a test of the trend line on the relative strength index (RSI). The cancellation of the fall of the cryptocurrency will be a breakdown of the 0.4350 area. This will indicate continued growth.