Ripple weekly forecast & analysis January 7 — 11, 2019


Ripple XRP/USD close the trading week at 0.3539 and continue to move as part of the correction. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to grow and test the resistance level near the 0.4400 area. Where once again we should expect a rebound and the continuation of the decline of cryptocurrency in the region below the level of 0.2250.

Ripple weekly forecast & analysis January 7 — 11, 2019

In favor of the fall of XRP/USD quotes in the current trading week of January 7 — 11, 2019, a test of the downward trend line on the relative strength index (RSI) will be made. Cancellation of the option of falling Ripple cryptocurrency will be a strong growth and the breakdown of the 0.5000 area. This will indicate a breakdown of the upper boundary of the channel and the continued growth of XRP/USD quotes. A confirmation of the decline in cryptocurrency will be a breakdown of the support area and closing of quotes below the level of 0.3050.

Ripple weekly forecast & analysis January 7 — 11, 2019

Ripple weekly forecast & analysis January 7 — 11, 2019 involves an attempt to test the resistance level near the 0.4400 area. Where can we expect the continuation of the fall in quotations with a potential target at the level of 0.2250. An additional signal to reduce Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall of the cryptocurrency will be the breakdown of the area of ​​0.5000. This will indicate continued growth.


Join our Telegram Channel

Post Comment