Ripple XRP/USD is trading at the level of 0.2930. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.3100 is expected, from which one should expect a rebound and an attempt to continue the fall of the XRP/USD cryptocurrency with the target near the level of 0.2250.
Ripple forecast & analysis XRP/USD August 12, 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 fall of the Ripple cryptocurrency will result in strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the 0.3700 area, which will indicate 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 0.2650.
Ripple forecast & analysis XRP/USD August 12, 2018 suggests an attempt to correct the cryptocurrency and the test of the level of 0.3100, from which it is expected to continue the fall of the Ripple exchange rate with the potential target near the level of 0.2250, the abolition of the decline option will make a strong growth and breakdown of the area of 0.3700.
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