XRP – Crypto Daily™


Ripple’s XRP is falling on Friday, January 22nd, and mostly trading at $0.2624.

As we can see in the daily chart, XRP/USD continues trading not far from 23.6% fibo. Right now, we may assume that after completing the correction, the asset may resume moving upwards to reach the target at 38.2% fibo. The MACD histogram is also rising, while its signal lines are heading towards 0, which is another signal that the pullback may be over. After it, the pair may resume its ascending tendency to reach the target at 0.5282.

In the H4 chart, the pair continues trading sideways close to the support area at 23.6% fibo. In the nearest future, the price may rebound from this level and then resume growing towards 38.2% and then 61.8% fibo. The Stochastic indicator has formed a “Golden Cross” not far from 20; right now, it is still moving upwards and that’s another signal that the correction may be over. After that, the instrument may continue its growth. The upside target is the same as in the daily chart, 0.5282.

Disclaimer

Any predictions contained herein are based on the author’s particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein.

Disclaimer: This trading analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.



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