Ripple XRP/USD is trading at 0.4299. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. The Ichimoku Kinko Hyo Cloud low limit test is expected near the level of 0.4325, from which we should expect a rebound and an attempt to continue the fall of the XRP/USD cryptocurrency with the target close to the level of 0.3850.
Ripple forecast & analysis XRP/USD August 4, 2018
An additional signal in favor of reducing the XRP/USD cryptocurrency will be a test of the resistance area, as well as a test of the upper boundary of the bearish channel. 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 variant of the Ripple cryptocurrency fall will be a strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 0.4500, which indicates a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect the acceleration of the fall in quotes XRP/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 0.4050.
Ripple forecast & analysis XRP/USD August 4, 2018 suggest an attempt at correction of the crypto currency and the 0.4325 test, from which it is expected to continue the fall of the Ripple exchange rate with the potential target near the level of 0.3850, the cancellation of the decline option will cause a strong growth and breakdown of the area of 0.4500.