Ripple XRP/USD is trading at 0.67. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.70 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target near 0.50.
Ripple forecast & analysis XRP/USD on March 16, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the upper boundary of the channel, as well as a test of the resistance level. Earlier, a strong signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.77.
Cancellation of the fall of the 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 0.85, 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 boundary of the bearish channel and closing below the level of 0.55.
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