XRP/USD end the trading week at 0.2747 and continue to move as part of the correction. Moving averages indicate a bullish trend. However, prices broke down the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall of the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.1905. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the level of 0.4945.
Cryptocurrency XRP Forecast and Analysis January 18 — 22, 2021
An additional signal in favor of the growth of XRP quotes in the current trading week, the week January 18 — 22, 2021 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ascending channel. Cancellation of the growth option for the Ripple cryptocurrency will be a fall in prices and a breakdown of the 0.1205 area. This will indicate a breakdown of the support area and a continued fall in XRP / USD quotes with a target below 0.0065. Confirmation of the growth of the cryptocurrency will be a breakdown of the resistance area and closing of quotations above the 0.3965 area.
Cryptocurrency XRP Forecast and Analysis January 18 — 22, 2021 suggests an attempt to test the support level near the 0.1905 area. Where can we expect the continued growth of quotations with a potential target at the level of 0.4945. An additional signal in favor of raising the XRP value will be a test of the trend line on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be a breakdown of the 0.1205 area. This will indicate a continued decline with a target below 0.0065.