Ripple XRP/USD are trading at 0.3132 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $13 097 786 923. Moving averages indicate a bearish trend in Ripple. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.3300. Further, the continuation of the fall of cryptocurrency in the region below the level of 0.2650.
Ripple Forecast and XRP/USD Analysis January 24, 2019
In favor of falling XRP/USD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. As well as a rebound from the upper limit of the bearish channel. Cancellation of the option to reduce cryptocurrency will be a strong growth and closing of quotations above the level of 0.3450. This will indicate a breakdown of the resistance level and continued growth of XRP/USD in the area above the level of 0.3850. With the breakdown of the support area and closure below the level of 0.3000, we should expect confirmation of the development of a decline in Ripple.
Ripple Forecast and XRP/USD Analysis January 24, 2019 involves an attempt to test the resistance level near the 0.3300 area. Where can we expect the continuation of the fall of cryptocurrency with a potential goal at the level of 0.2650. 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 0.3450 area. In this case, we should expect the continuation of the development of the upward trend in digital currency with a target above 0.3850.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link