XRP/USD end the trading week at 0.2186 and continue to move as part of the fall. 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 continuation of the rise of the cryptocurrency to the area above the level of 0.3755.
Cryptocurrency XRP Forecast and Analysis January 4 — 8, 2021
An additional signal in favor of the growth of XRP quotes in the current trading week, the week of January 4 — 8, 2021 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the descending 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 0.0095. Confirmation of the growth of the cryptocurrency will be a breakdown of the resistance area and closing of quotations above the 0.3045 area.
Cryptocurrency XRP Forecast and Analysis January 4 — 8, 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 0.3755. An additional signal in favor of a rise in XRP value will be a test of the trend line on the relative strength index (RSI). The cancellation of the cryptocurrency growth option will be the breakdown of the 0.1205 area. This will indicate a continued decline with a target below 0.0095.