Ripple XRP/USD traded at 2.93 and continue to move within the framework of strong growth. At the moment, we should expect an attempt to reduce and test the lower boundary of the bullish channel of 2.75 area. Where again we should expect a rebound and the continued growth of the Ripple with a target above the level of 3.65.
Ripple forecast & technical analysis January 5, 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 the breakdown of the lower border of the channel and the closure below the area of 2.55, which indicates the continuation of the fall of XRP/USD in the area below the level of 2.20.
Ripple forecast & technical analysis January 5, 2018 suggests an attempt to test the lower border of the channel near the area of 2.75, from which it is expected to rebound and continue growth to the area above the level of 3.65, an additional signal in favor of Ripple growth will test the trend line on the indicator of relative strength index (RSI).