Ripple forecast & analysis XRP/USD July 30, 2018


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Ripple XRP/USD is trading at 0.4420. 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 0.4440, where we expect a rebound and an attempt to continue the fall of the XRP/USD cryptocurrency with the target close to the level of 0.3940.

Ripple forecast & analysis XRP/USD July 30, 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, a strong signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.4400.

Ripple forecast & analysis XRP/USD July 30, 2018

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.


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