Ripple XRP/USD are trading at 0.3459 and continue to move as part of the fall and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $14 128 997 815. Moving averages indicate a downward trend in Ripple. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.3660. Further, the continuation of the fall of cryptocurrency in the region below the level of 0.2800.
Ripple Forecast and XRP/USD Analysis January 11, 2019
In favor of the fall of XRP/USD quotes, a test of a broken trend line on the relative strength index (RSI) will come out. Cancellation of the option to reduce cryptocurrency will be a strong growth and closing of quotes above the level of 0.3900. This will indicate a breakdown of the resistance level and continued growth of XRP/USD to the area above the level of 0.4300. With the breakdown of the lower boundary of the «Triangle» model and closure below the 0.3150 area, we should expect confirmation of the Ripple decline.
Ripple Forecast and XRP/USD Analysis January 11, 2019 involves an attempt to test the resistance level near 0.3660. Where can we expect the continuation of the fall of cryptocurrency with a potential target at the level of 0.2800. An additional signal in favor of reducing Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of the option of falling quotes will be a strong growth and the breakdown of the 0.3900 area. In this case, we should expect the continuation of the downward trend in digital currency.
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