Ripple XRP/USD is trading at 0.4403. 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 0.4410, where we expect a rebound and an attempt to continue the fall of the XRP/USD cryptocurrency with the target near the level of 0.3900.
Ripple forecast & analysis XRP/USD July 29, 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.
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 of quotations XRP/USD is with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 0.4200.