Ripple XRP/USD is trading at 0.4207. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. Ichimoku Kinko Hyo near the level of 0.4345 is expected to test the bottom of the cloud, from which we should expect a rebound and an attempt to continue the fall of the XRP/USD cryptocurrency with the target close to the level of 0.3750.
Ripple forecast & analysis XRP/USD August 3, 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 strong signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.4335.
Cancellation of the variant of the Ripple cryptocurrency fall will be a strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 0.4500, which indicates a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect to accelerate the fall in quotations XRP/USD is with the breakdown of the support area and closing below the level of 0.4030.
Ripple forecast & analysis XRP/USD August 3, 2018 suggests an attempt at correction of the cryptocurrency and test of the level of 0.4345, from which it is expected to continue the fall of the Ripple rate with the potential target near the level of 0.3750, the cancellation of the decline option will cause a strong growth and breakdown of the area of 0.4500.