Ripple XRP/USD is trading at the level of 1.78. 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 1.80 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target near 1.25. Earlier, a strong signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at 1.85 level.
Ripple forecast & analysis XRP/USD on January 16, 2018
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 quotes above the area of 2.30, 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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