Ripple XRP/USD is trading at 0.2042. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. The test area of the Ichimoku Kinko Hyo signal lines near the level of 0.2130 is expected, from which it is expected to rebound and continue falling of the cryptocurrency with the target close to 0.1830.
Ripple forecast & analysis XRP/USD on December 8, 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. An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. 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 quotations above the area of 0.2380, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations of the cryptocurrency XRP/USD stands with the breakdown of the level of 0.1940.