Ripple XRP/USD traded at 1.35 and continue to move within the «Triangle» model. At the moment, we should expect an attempt to test the upper boundary of the model near the 1.37 area and continue the fall into the area below the 0.80 level. In favor of falling quotes XRP/USD is the formation of the reversal model «Head and Shoulders» on the indicator of relative strength index (RSI).
Ripple forecast & technical analysis January 25, 2018
The abolition of the reduction option will be a breakdown at the level of 1.55, 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 2.50. With the breakdown of the lower boundary of the model and the 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 25, 2018 suggests an attempt to test the upper limit of the «Triangle» model near the 1.37 area, from which it is expected to drop a crypto currency with a potential target at 1.00, an additional signal in favor of the fall of Ripple is the formation of a reversal model on the indicator of the relative strength index (RSI), the cancellation of the fall will break through the area 1.55.
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