Ripple XRP/USD is trading at 0.4747 and continues to move as part of the fall. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ripple. As part of the Ripple forecast & analysis XRP/USD October 8, 2018, the test of the Ichimoku Kinko Hyo signal lines is expected to be near the level of 0.5000, where a rebound is expected and an attempt to continue the fall of the XRP/USD cryptocurrency with a target near the level of 0.4000.
Ripple forecast & analysis XRP/USD October 8, 2018
An additional signal in favor of reducing the XRP/USD cryptocurrency will be the test of the resistance level, as well as the test of the upper limit of the downward channel. Earlier, a weak signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.5600.
Cancellation of the option of falling Ripple cryptocurrency will be a strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above 0.5750, indicating a change in the downward trend in favor of the upward trend and continued growth of cryptocurrency. Expect to accelerate the decline in quotations XRP/USD stands with the breakdown of the support area and closing below 0.4500.
Ripple forecast & analysis XRP/USD October 8, 2018 involves an attempt to correct cryptocurrency and test level 0.5000, from which we can expect the Ripple to continue falling with a potential target near the level of 0.4000, the cancellation option will be a strong growth and a breakdown of 0.5750, in this If you can expect continued growth.
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