Ripple XRP/USD is trading at 0.45. 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 0.48 level, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target near the level of 0.36.
Ripple forecast & analysis XRP/USD June 28, 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 strong signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at 0.47.
Cancellation of the Ripple fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the 0.50 area, 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 quotes XRP/USD is with the breakdown of the support area and closing below the level of 0.42.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
