Ripple XRP/USD is trading at the level of 0.2256. 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 0.2350 is expected, from which it is expected to rebound and continue falling of the cryptocurrency with the target close to 0.2100.
Ripple forecast & analysis XRP/USD on December 7, 2017
Earlier, a strong signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.2360. Cancellation of the variant of falling quotations Ripple will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 0.2450, which indicates the change of the bearish trend in favor of the bullish. To expect the acceleration of the fall in the price of the cryptocurrency XRP/USD stands with the breakdown of the support level and the closing below 0.2150.
We should not exclude the attempt to form a bullish model of «Wolfe Wave» at small time intervals. The target of working out this model is the area at the level of 0.2620. Canceling the model will break through the level of 0.2100. Confirmation to continue the growth of the pair will break through the level of 0.2450.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
