Ripple XRP/USD are traded at 1.77 and continue to move within the bearish channel. At the moment, we should expect an attempt to test the upper boundary of the channel near the 1.80 area and continue the fall into the area below the level of 1.20.
Ripple forecast & technical analysis January 16, 2018
In favor of falling quotations XRP/USD will test the resistance line on the indicator of relative strength index (RSI). The abolition of the reduction option will be a breakdown at 1.90, which indicates a breakdown of the channel’s upper boundary and the continuation of the growth of XRP/USD to the area above the level of 2.10.
Ripple forecast & technical analysis January 16, 2018 suggests an attempt to test the upper border of the channel near the 1.80 area, from which it is expected to drop a cryptocurrency with a potential target at 1.20, an additional signal for the fall of Ripple is the trendline line test on the relative strength index (RSI).
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