Ripple XRP/USD is trading at 0.4464. 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 0.4525 level, from which we should expect a rebound and an attempt to continue the fall of the XRP/USD cryptocurrency with the target close to 0.4010 level.
Ripple forecast & analysis XRP/USD July 26, 2018
An additional signal in favor of reducing the XRP/USD cryptocurrency is the resistance level test, as well as the upper bound of the «Triangle» model. Earlier, we received a weak signal for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.4380.
Cancellation of the Ripple cryptocurrency fall variant will result in a strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 0.4700, 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 0.4150.
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