Ripple XRP/USD is trading at 0.52. 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 0.53, 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 22, 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 limit of the «Triangle» model. Earlier, a weak signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.51.
Cancellation of the variant of the Ripple cryptocurrency fall will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the area of 0.56, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the crypto currency. Expect the acceleration of the fall in quotes XRP/USD stands with the breakdown of the lower bounds of the «Triangle» model and closing below 0.50.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
