Ripple XRP/USD completes the trading week near the area of 0.1870. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. The test of the lower boundary of the Cloud of the indicator near the level of 0.1900 is expected, from which it is expected to rebound and continue falling of the cryptocurrency with the target near the level of 0.1150.
Ripple weekly forecast on October 23 — 27, 2017
Earlier, we received a weak signal for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.1860. Cancellation of the fall of the quotations of Ripple will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.2400, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is worth a breakdown of the support line and closing below 0.1500.
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