Ripple XRP/USD is trading at 0.86. 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 0.90 level is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target close to 0.65. An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model.
Ripple forecast & analysis XRP/USD on February 26, 2018
Earlier, we received a weak signal for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 1.08. Cancellation of the fall of the quotations of Ripple will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 1.02, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations of cryptocurrency stands with the breakdown of the lower limit of the model «Triangle» and closing below 0.80.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
