Ripple XRP/USD is trading at the level of 0.78. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. Ichimoku Kinko Hyo Cloud is expected to be near the 0.85 level, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target close to 0.65.
Ripple forecast & analysis XRP/USD on March 12, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a weak signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.97.
Cancellation of the variant of falling quotes Ripple will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 0.90, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations of cryptocurrency is with the breakdown of the lower border of the channel and closing below the level of 0.70.
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