Ripple forecast & technical analysis January 1, 2019


Ripple XRP/USD are trading at 0.3537 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $14 776 690 228. Moving averages indicate a downward trend in Ripple. At the moment, we should expect an attempt to reduce and test the support level near the area of ​​0.3125. Further, the continuation of the growth of cryptocurrency in the region above the level of 0.4000.

Ripple forecast & technical analysis January 1, 2019

In favor of the growth of XRP/USD quotes, a test of an uptrend trend line on the relative strength index (RSI) will come out. As well as the formation of the ascending model «Wolfe Wave». Cancellation of a variant of cryptocurrency growth will be the fall and close of quotes below the level of 0.3300. This will indicate a breakdown of the support level and a continued decline in XRP/USD to the area below the level of 0.2900. With the breakdown of the resistance area and closing above the 0.3950 area, we should expect confirmation of the development of growth in Ripple.

Ripple forecast & technical analysis January 1, 2019

Ripple forecast & technical analysis January 1, 2019 involves an attempt to test the support level near the 0.3125 area. Where can we expect to continue the growth of cryptocurrency with a potential target of 0.4000. An additional signal in favor of Ripple growth will be a test of the trend line on the relative strength index (RSI). Cancellation of growth options quotes will fall and the breakdown of 0.3300. In this case, we should expect the continuation of the downward trend in digital currency.


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