Ripple XRP/USD is trading at 1.97. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. Ichimoku Kinko Hyo Cloud is expected to test near the level of 2.10, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target near 1.25.
Ripple forecast & analysis XRP/USD on January 14, 2018
Earlier, we received a weak signal for buy of Ripple cryptocurrency, due to crossing of signal lines at the level of 1.98. Cancellation of the fall of the 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 2.45, which indicates the change of the bearish trend in favor of the bullish trend. With the test of area 1.30, one should expect the formation of a bullish model of «Wolfe Wave», which will indicate the potential growth in the area above the level of 2.65.