Ripple XRP/USD completes the trading week near the area of 0.53. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. Ichimoku Kinko Hyo Cloud near the level of 0.63 is expected to be tested, 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 June 18 — 22, 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 0.73.
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 0.75, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the crypto currency is the breakdown of the lower bounds of the «Triangle» model and the closure below the level of 0.45.