Ripple (XRP/USD) forecast July 2 — 6, 2018


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Ripple XRP/USD completes the trading week near the area of ​​0.42. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. The test area of ​​Ichimoku Kinko Hyo signal lines near the 0.50 level is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target near the level of 0.25.

Ripple (XRP/USD) forecast July 2 — 6, 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 strong signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.62.

Ripple (XRP/USD) forecast July 2 — 6, 2018

Cancellation of the fall of the quotations of Ripple will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of ​​0.67, 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 area and closing below the level of 0.35.

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