Ripple XRP/USD is trading at 0.84. 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 test 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 near the 0.70 level.
Ripple forecast & analysis XRP/USD May 3, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the lower bound of the «Triangle» model. Earlier, a medium strength signal was received for sell of Ripple, due to the crossing of signal lines at 0.84.
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 0.90, which will indicate the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in the Ripple quotations is with the breakdown of the support area and the closing below the level of 0.75.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
