Ripple XRP/USD is trading at 0.3965. 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 0.4065 is expected, 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 0.3650.
Ripple forecast & analysis XRP/USD August 8, 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 lower 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 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 area of 0.4380, 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 quotations XRP/USD is with the breakdown of the support area and closing below the level of 0.3850.
Ripple forecast & analysis XRP/USD August 8, 2018 suggests an attempt at correction of the cryptocurrency and the 0.4065 test, from which it is expected to continue the fall of the Ripple rate with a potential target near the level of 0.3650, the cancellation of the decline option will cause a strong growth and breakout of the area of 0.4380.
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