Ripple forecast & analysis XRP/USD July 27, 2018


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Ripple XRP/USD is trading at 0.4489. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. Ichimoku Kinko Hyo Cloud is expected to test near the 0.4500 level, from which we should expect a rebound and an attempt to continue the fall of the XRP/USD cryptocurrency with the target near the level of 0.4000.

Ripple forecast & analysis XRP/USD July 27, 2018

An additional signal in favor of reducing the cryptocurrency of XRP/USD will be a resistance level test. Earlier, we received a weak signal for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.4380.

Ripple forecast & analysis XRP/USD July 27, 2018

Cancellation of the Ripple crypto currency 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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