Ripple forecast & analysis XRP/USD on January 15, 2018


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Ripple XRP/USD is trading at 1.83. 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 2.00 level, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target close to 1.25.

Ripple forecast & analysis XRP/USD on January 15, 2018

Ripple forecast & analysis XRP/USD on January 15, 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 bull model of «Wolfe Wave», which will indicate the potential growth in the area above the level of 2.65.

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