Ripple XRP/USD is trading at 0.4212. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. Ichimoku Kinko Hyo signal line area test is expected near the level of 0.4350, where we expect a rebound and an attempt to continue the fall of the XRP/USD cryptocurrency with the target close to the level of 0.3800.
Ripple forecast & analysis XRP/USD August 1, 2018
An additional signal in favor of reducing the XRP/USD cryptocurrency will be the resistance area test, as well as the lower bound of the «Triangle» model. Earlier, a strong signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.4400.
Cancellation of the fall of the Ripple cryptocurrency will result in a strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 0.4550, 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 quotes XRP/USD is with the breakdown of the support area and closing below the level of 0.4050.