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.
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.