Ripple XRP/USD completes the trading week near the area of 0.99. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.21 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target near the 0.60 level. An additional signal in favor of the fall of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Ripple (XRP/USD) weekly forecast February 12 — 16, 2018
Earlier, we received a weak signal for sell of Ripple cryptocurrency, due to crossing of signal lines at the level of 2.00. 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 1.75, which will indicate the change of the bearish tendency in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is with the breakdown of the support level and closing below the area of 0.55.