Ripple XRP/USD are trading at 0.3667 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $15 361 936 792. Moving averages indicate a downward trend in Ripple. At the moment, we should expect an attempt to reduce and test the support level near the area of 0.3450. Further, the continuation of cryptocurrency growth in the region above the level of 0.4380.
Ripple forecast & technical analysis January 8, 2019
In favor of the growth of XRP/USD quotes, a test of an uptrend trend line on the relative strength index (RSI) will come out. As well as a rebound from the lower boundary of the model «Triangle». Cancellation of the option of cryptocurrency growth will be the fall and close of quotes below the level of 0.3200. This will indicate a breakdown of the support level and a continued decline in XRP/USD to the area below the level of 0.2900. With the breakdown of the upper boundary of the «Triangle» model and closure above the 0.3750 area, we should expect confirmation of the development of growth along the Ripple.
Ripple forecast & technical analysis January 8, 2019 involves an attempt to test the support level near the 0.3450 area. Where can we expect to continue the growth of cryptocurrency with a potential target at the level of 0.4380. An additional signal in favor of Ripple growth will be a test of the trend line on the relative strength index (RSI). Cancellation of growth options quotes will fall and the breakdown of the area of 0.3200. In this case, we should expect the continuation of the downward trend in digital currency.