Ripple is traded at the level 1.44. Quotes XRP/USD continue to move below the moving average, which indicates the development of the bearish trend. At the moment, we expect to continue correction to the moving average near the level of 1.77 and continue to decline quotations Ripple with a target below the level of 1.02.
XRP/USD forecast Ripple on January 17, 2018
An additional signal in favor of the fall of Ripple will be a test of level 80 on the Stochastic indicator, which will form a strong signal for sell of the cryptocurrency in the direction of a short-term downtrend.
Cancellation of the variant of the fall in the price of XRP/USD will be a strong growth and breakdown of the area 1.82, which will indicate the breakdown of the upper border of the channel and the continued growth of the cryptocurrency. With the breakdown of the local minimum level and the closing of quotations below 1.00 area, it is expected to accelerate the development of the bearish trend.
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