Ripple XRP/USD is trading at 0.79. 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 0.80 level is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target near the 0.70 level.
Ripple forecast & analysis XRP/USD May 10, 2018
An additional signal in favor of the fall of the cryptocurrency is the resistance level test, as well as the lower bound of the «Triangle» model. Earlier, we received a weak signal for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.87.
Cancellation of the fall of the quotations of Ripple will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 0.87, which will indicate a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the fall in the Ripple quotations stands with the breakdown of the lower boundary of the bullish channel and the closing below the level of 0.70.
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