Ripple XRP/USD are traded at the level of 1.17 and continue to move within the start of the «Triangle» model. In the previous forecast of Ripple, we expected a way out of the model down. At the moment, we should expect an attempt to test the broken model boundary near the area of 1.25 and continue falling into the area below the level of 0.80. In favor of falling quotations XRP/USD will test the trend line on the indicator of relative strength index (RSI).
Ripple forecast & technical analysis January 27, 2018
The abolition of the decline option will be a breakdown at level 1.45, which will indicate 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 2.00. With breakdown of the support level and closing below the level of 1.00, it is expected to accelerate the fall of quotations Ripple with a potential target below 0.50.
Ripple forecast & technical analysis January 27, 2018 suggests an attempt to test the lower bound of the «Triangle» model near the area of 1.25, from which it is expected to drop a cryptocurrency with a potential target at 0.80, an additional signal in favor of falling Ripple will test the trend line on the indicator of strength index (RSI), cancellation of the fall will be strong growth and breakdown of the region 1.45.
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