Ripple XRP/USD is trading at 0.46. 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 level of 0.4650, from which we should expect a rebound and an attempt to continue the decline of the cryptocurrency with the target near the level of 0.42.
Ripple forecast & analysis XRP/USD July 8, 2018
An additional signal in favor of the fall of the XRP/USD cryptocurrency will be a resistance level test. Earlier, a weak signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.48.
Cancellation of the variant of the Ripple cryptocurrency fall will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the 0.50 area, which will indicate a change in the downward trend in favor of the bullish trend and the continued growth of the cryptocurrency. To expect confirmation of the fall in quotes XRP/USD stands with the breakdown of the bottom of the uplink and the closing below the level of 0.45.
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