XRP: Is $1 the Next Target?

Moving Averages

The two long-term moving averages (100 and 200) are flattening at the moment, but still remain distant from each other, highlighting a faint wave of bullish strength.

Trend Line

The uptrend line drawn from mid-December of last year is still valid, but with the laterality of recent weeks the price is approaching it, probably to have more strength in the next bullish upside. If Ripple were to break the dynamic support instead, it would trigger bearish dynamics.



Tracing this indicator from December 12 of last year up to the maximum reached at the beginning of the year 2018 (at the price of 3.31 dollars), we can see how this digital currency broke down the Fibonacci 61.8% level. So the direction (if the price obviously will not rebound on the uptrend line) is clearly bearish and the target will almost certainly be 1 dollar area.

At the moment, according to Coinmarketcap, the price of XRP is 1,20, with a -10% on the last 24 hours.

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