Ripple XRP/USD completes trading week near area 1.31. 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 1.45 level, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target close to 0.65. Earlier, we received a weak signal for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 2.00.
Ripple (XRP/USD) forecast January 29 — February 2, 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 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 the breakdown of the lower bound of the «Triangle» model and the closure below the level of 1.10.
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