Ripple XRP/USD are traded at 1.33 and continue to move within the bearish channel. At this point, we should expect an attempt to test the upper border of the channel near the 1.45 area and continue the fall into the area below the level of 1.02.
Ripple forecast & technical analysis January 23, 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 the level of 1.55, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of XRP/USD to the area above the level of 1.75. With the breakdown of the lower border of the channel and the closing below the level of 1.18, we should expect an acceleration in the fall of the Ripple quotes.
Ripple forecast & technical analysis January 23, 2018 suggests an attempt to test the upper border of the channel near the 1.45 area, from which it is expected to drop the cryptocurrency with a potential target at the level of 1.02, an additional signal in favor of Ripple fall will be a trendline line test on the relative strength index (RSI), cancellation of the fall will break through the area 1.55.
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