Ripple is trading at 1.38. 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 1.45 and continue to decline quotes Ripple with a target below 0.55.
XRP/USD forecast Ripple on January 19, 2018
An additional signal in favor of falling Ripple is the test of level 80 on the indicator Stochastic, which will form a strong signal for sell of the cryptocurrency in the direction of the short-term bearish trend.
The cancellation of the fall of the XRP/USD quotations will result in a strong growth and breakdown of the 1.75 area, 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 the area of 0.75, it is expected to accelerate the development of the bearish trend.
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