Ripple XRP/USD is trading at 0.55. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. The test area of the Ichimoku Kinko Hyo signal lines near the level of 0.57 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target near the level of 0.45.
Ripple forecast & analysis XRP/USD June 15, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel. Earlier, we received a weak signal for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.67.
Cancellation of the variant of the Ripple cryptocurrency fall will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the area of 0.62, which will indicate 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 0.53.
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