Ripple forecast & analysis XRP/USD August 1, 2018


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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.

Ripple forecast & analysis XRP/USD August 1, 2018

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.


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