Ripple XRP/USD are traded at the level of 1.07 and continue to move within the bearish trend. At this point, we should expect an attempt to test the upper border of the channel near the area of 1.15 and continue falling to the area below 0.80. In favor of falling quotations XRP/USD will test the resistance line on the indicator of relative strength index (RSI).
Ripple forecast & technical analysis February 1, 2018
The abolition of the reduction option will be a breakdown at level 1.40, which will indicate the breakdown of the upper boundary of the bearish channel and the continuation of the growth of XRP/USD to the area above the level of 2.00. With breakdown of the support level and closing below the level of 1.00, it is expected to accelerate the fall of quotations Ripple with a potential target below 0.80.
Ripple forecast & technical analysis February 1, 2018 suggests an attempt to test the upper border of the channel near the area of 1.15, from which it is expected to drop a cryptocurrency with a potential target at 0.80, an additional signal in favor of falling Ripple will test the trend line on the indicator of relative strength index (RSI).
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