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 0.4450 level, from which one should expect a rebound and an attempt to continue decreasing the cryptocurrency with the target near the level of 0.3850.
Ripple forecast & analysis XRP/USD July 16, 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 upper boundary of the bearish channel. Earlier, a weak signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.4300.
The abolition of the Ripple cryptocurrency fall will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the area of 0.4600, which indicates 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 quotations XRP/USD is with the breakdown of the support area and closing below the level of 0.41.
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