Ripple XRP/USD traded at 1.94 and continue to move within the correction. At this point, we should expect an attempt to rebound and growth in the area above the level of 2.55. In favor of the growth of quotations XRP/USD is the test of the support line on the indicator of relative strength index (RSI).
Ripple forecast & technical analysis January 11, 2018
Cancellation of the growth option will be a breakdown at 1.50, indicating that the fall of XRP/USD continues to fall below 1.00. At small time intervals, a bullish «Wolfe Wave» is formed, which indicates the continued growth of the crypto currency in the area above the level of 2.73. The cancellation of the growth will be the breakdown of area 1.51, which will indicate the abolition of the bullish model of the «Wolfe Wave».
Ripple forecast & technical analysis January 11, 2018 suggests an attempt to increase the quotations to the area above the level of 2.55, an additional signal in favor of Ripple growth is the trend line test on the relative strength index (RSI), the breakdown will be a breakdown at 1.50, indicating that the fall continues.