xrp price analysis and prediction

On Tuesday, January 28th, the XRP price is growing smoothly, generally trading at $0.2337 and gaining what was lost quite successfully.

The XRP/USD dynamics on H4 have started testing the previously broken support line from below. The aim of testing may be $0.2440. Upon reaching this level, we may expect a bounce and a decline to the support level near $0.1970. Further declining is pointed at by the MACD decline after a divergence. If $0.2440 is overcome, and the quotations secure above it, they will rise to the main resistance line and the level $0.2770.

On H1, there is an ascending channel to the short-term target level of $0.2375. Upon reaching the goal we may expect the beginning of another wave of declining to the support level and $0.2240, which is hinted upon by the Black Cross on the Stochastic in the overbought area. If $0.2240 is overcome, the quotations may proceed to $0.1975.

In the current Ripple report it is said that in the IV quarter of 2019 the sales of the token have shrunk by 80%. Thus, in October-December of…

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Source: https://themerkle.com/xrp-price-analysis-for-january-28th-xrp-gained-part-of-the-lost/