Ripple XRP/USD is trading at 0.47. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bears trend in Ripple. Ichimoku Kinko Hyo signal line area test is expected near the 0.48 level, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target near the level of 0.40.
Ripple forecast & analysis XRP/USD June 24, 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, a medium strength signal was obtained for sell 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 0.54, 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 0.45.
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