Ripple XRP/USD is trading at 1.33. 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 1.53 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target near 0.85.
Ripple forecast & analysis XRP/USD on January 17, 2018
Earlier, a strong signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at 1.85 level. Cancellation of the variant of falling of quotations Ripple will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 2.15, which will indicate the change of the bearish trend in favor of the bullish trend.
However, we should not exclude the attempt to form a bullish model of «Wolfe Wave». In this case, with breakdown of the resistance level and closing above 1.65, we should expect the continuation of growth with a potential target of 2.65.
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