Ripple XRP/USD is trading at 0.82. 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 8, 2018
An additional signal in favor of the fall of the cryptocurrency will be a support resistance test. 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 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 to accelerate the fall of quotations of the Ripple cryptocurrency stands with the breakdown of the lower bound of the «Triangle» model and the closing below the level of 0.75.
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