Ripple XRP/USD is closing the trading week near the 0.79 area. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the 0.95 level, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target near the level of 0.35.
Ripple (XRP/USD) weekly forecast on March 12 — 16, 2018
An additional signal in favor of the fall of the crypto currency will come from the upper bound of the «Triangle» model. Earlier, a strong signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.92.
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 1.45, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is the breakdown of the lower boundary of the model «Triangle» and the closure below the area of 0.65.