Ripple XRP/USD is trading at 0.2915 and continues to move within the bullish correction. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. As part of the Ripple forecast & analysis XRP/USD September 8, 2018, the Ichimoku Kinko Hyo signal line area test is expected near the level of 0.3050, where we expect a rebound and an attempt to continue the fall of the XRP/USD cryptocurrency with the target near the level of 0.2470.
Ripple forecast & analysis XRP/USD September 8, 2018
An additional signal in favor of reducing the XRP/USD cryptocurrency will be a test of the resistance area, as well as a test of the upper boundary of the bearish channel. Earlier, a weak signal was received for sell of the Ripple cryptocurrency, due to crossing of the signal lines at the level of 0.3260.
Cancellation of the fall of the Ripple cryptocurrency will result in strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the 0.3320 area, which will indicate a change in the bearish trend in favor of the upward trend and the continued growth of the cryptocurrency. Expect to accelerate the fall in quotes XRP/USD is with the breakdown of the support area and closing below the level of 0.2600.
Ripple forecast & analysis XRP/USD September 8, 2018 suggest an attempt at correction of the cryptocurrency and the test of the level of 0.3050, from which it is expected to continue the fall of the Ripple rate with a potential target near the level of 0.2470, the cancellation of the fall version will make a strong growth and breakout of the area 0.3320, in this we should expect continued growth.
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