Ripple weekly forecast on September 18 — 22, 2017


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Ripple XRP/USD completes trading week near area 01619. Cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates a bearish trend for Ripple. The test of the lower border of the Cloud of the indicator near the level of 0.2100 is expected, from which it is expected to rebound and drop the cryptocurrency with the target near the level of 0.0935. Earlier, a weak signal was received for sales of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.2130.

Ripple weekly forecast on September 18 — 22, 2017

Ripple weekly forecast on September 18 — 22, 2017

An additional signal in favor of the fall of the cryptocurrency will be the formation of the «Head and Shoulders» reversal model. 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 quotations above the area of ​​0.2350, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is worth a breakdown of the level of 0.1520.


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