Ripple XRP/USD is trading at 0.3118. 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 0.3420 is expected, from which we should expect a rebound and an attempt to continue the fall of the XRP/USD cryptocurrency with the target near the level of 0.2500.
Ripple forecast & analysis XRP/USD August 9, 2018
An additional signal in favor of reducing the cryptocurrency of XRP/USD will be the 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 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 0.4100, which will indicate a change in the downward trend in favor of the upward 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 0.2950.
Ripple forecast & analysis XRP/USD August 9, 2018 suggest an attempt at correction of the crypto currency and the test of the level of 0.3420, from which it is expected to continue the fall of the Ripple rate with the potential target near the level of 0.2500, the cancellation of the decline option will cause a strong growth and breakdown of the area of 0.4100.