Ripple XRP/USD are traded at 1.41 and continue to move within the framework of the «Triangle» model. At this point, we should expect an attempt to test the upper boundary of the model near the 1.45 area and continue the fall below 0.50. In favor of falling quotations XRP/USD will test the resistance line on the indicator of relative strength index (RSI).
Ripple forecast & technical analysis January 24, 2018
The cancellation of the reduction option will be a breakdown at level 1.65, which indicates the breakdown of the upper limit of the «Triangle» model and the continuation of the growth of XRP/USD to the area above the level of 2.50. With the breakdown of the lower boundary of the model and the closing below 1.00 level, it is expected to accelerate the fall of quotations Ripple.
Ripple forecast & technical analysis January 24, 2018 suggests an attempt to test the upper limit of the «Triangle» model near the 1.45 area, from which it is expected to drop a cryptocurrency with a potential target at 0.50, an additional signal in favor of Ripple’s fall will be a trendline line test on the indicator of relative strength index (RSI), the cancellation of the fall will break through the area of 1.65.
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