Ripple XRP/USD is trading at the level of 0.2478. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. As part of the forecast of the digital currency exchange rate, Ichimoku Kinko Hyo signal line area test is expected near the level of 0.2550, where we expect a rebound and an attempt to continue the fall of the XRP/USD cryptocurrency with the target near the level of 0.1850.
Ripple forecast & analysis XRP/USD August 15, 2018
An additional signal in favor of reducing the XRP/USD cryptocurrency will be the test of the upper limit of the bearish channel, as well as the test of the resistance area. Earlier, a strong signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.4335.
Cancellation of the Ripple cryptocurrency fall variant will result in strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 0.3500, which indicates a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect to accelerate the fall in quotations XRP/USD is with the breakdown of the support area and closing below the level of 0.2300.
Ripple forecast & analysis XRP/USD August 15, 2018 suggests an attempt to correct the cryptocurrency and the test of the level of 0.2550, from which it is expected to continue the fall of the Ripple rate with the potential target near the level of 0.1850, the abolition of the decline option will make a strong growth and breakdown of the area 0.3500, in this We should expect continued growth.
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