Ripple (XRP/USD) forecast April 16 — 20, 2018


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Ripple XRP/USD completes the trading week near the area of ​​0.65. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. Ichimoku Kinko Hyo Cloud lower limit test is expected near the 0.70 level, from which we 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) forecast April 16 — 20, 2018

An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel. Earlier, a weak signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.55.

Ripple (XRP/USD) forecast April 16 — 20, 2018

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 ​​0.90, 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 support area and closing below the level of 0.45.


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