Ripple XRP/USD is trading at 0.46. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. The lower Ichimoku Kinko Hyo test is expected near the level of 0.49, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target close to 0.37.
Ripple forecast & analysis XRP/USD April 8, 2018
An additional signal in favor of the fall of the cryptocurrency will be the formation of the reversal model «Head and Shoulders». Earlier, a medium strength signal was obtained for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.48.
Cancellation of the fall of the quotations of Ripple will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 0.52, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations of cryptocurrency is with the breakdown of the support area and closing below the level of 0.42.
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