Ripple forecast & technical analysis January 12, 2018


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Ripple XRP/USD are traded at the level of 2.14 and continue to move within the framework of the development of the bullish model «Wolfe Wave». At this point, we should expect a rebound and a fall attempt in the area below the level of 1.85. Whence again it is necessary to expect the continued growth of the cryptocurrency in the area above the level of 2.95.

Ripple forecast & technical analysis January 12, 2018

In favor of the growth of quotations XRP/USD will perform a test of the support line on the indicator of relative strength index (RSI). The cancellation of the growth option will be a breakdown at level 1.45, which will indicate the continuation of the fall of XRP/USD in the area below the level of 1.00.

Ripple forecast & technical analysis January 12, 2018

At small time intervals, a bullish «Wolfe Wave» is formed, which indicates the continued growth of the cryptocurrency in the area above the level of 2.73. Abolition of the growth will break through the area of ​​1.45, which indicates the abolition of the bull model of «Wolfe Wave».

Ripple forecast & technical analysis January 12, 2018 suggests a test of the support level near the 1.85 area, where it is expected to continue growth with a potential target at 2.95, an additional signal in favor of Ripple growth is the test of a broken trend line on the indicator of relative strength index (RSI).


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