Ripple XRP/USD is trading at 0.43. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the 0.45 level, from which one should expect a rebound and an attempt to continue lowering the cryptocurrency with a target near the level of 0.39.
Ripple forecast & analysis XRP/USD July 12, 2018
An additional signal in favor of the fall of the XRP/USD cryptocurrency will be a test of the resistance level, as well as a test of the lower border of the bullish channel. Earlier, a medium strength signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.4580.
The abolition of the Ripple cryptocurrency fall will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the area of 0.4750, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect to accelerate the fall in quotes XRP/USD is with the breakdown of the support area and closing below the level of 0.42.