Ripple XRP/USD is trading at 0.87. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. Ichimoku Kinko Hyo Cloud low limit test is expected near the 0.90 level, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target close to 0.70. An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model.
Ripple forecast & analysis XRP/USD on March 1, 2018
Earlier, a weak signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at 0.90. Cancellation of the variant of falling of quotations Ripple will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 1.03, which will indicate the change of the downward trend in favor of the ascending trend. Expect to accelerate the fall of quotations of cryptocurrency stands with the breakdown of the lower limit of the model «Triangle» and closing below 0.80.
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