Ripple XRP/USD is trading at 2.00. 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 2.30 is expected, from which we should expect a rebound and an attempt to continue the fall of the crypto currency with the target close to 1.35.
Ripple forecast & analysis XRP/USD on January 12, 2018
Earlier, a weak signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 2.65. 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 2.65, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall is with the breakdown of the support level and closing below 1.50.