Ripple forecast & analysis XRP/USD July 31, 2018


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Ripple XRP/USD is trading at 0.4336. 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 0.4400 level, from which one 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 31, 2018

An additional signal in favor of reducing the XRP/USD cryptocurrency will be the resistance area test, as well as the lower 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 31, 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 0.4250.

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