Ripple XRP/USD is trading at 0.60. 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 0.62 level, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target near the 0.50 level.
Ripple forecast & analysis XRP/USD May 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 weak signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.61.
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 0.67, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations of Ripple cryptocurrency stands with the breakdown of the lower bound of the «Triangle» model and closing below the level of 0.58.
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