Ripple XRP/USD is closing the trading week near the 0.76 area. 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 level of 0.95 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 0.35. An additional signal in favor of the fall of the cryptocurrency will be a resistance level test.
Ripple (XRP/USD) weekly forecast February 5 — 9, 2018
Earlier, we received a weak signal for sell of Ripple cryptocurrency, due to crossing of signal lines at the level of 2.00. 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 trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is worth a breakdown of the support level and closing below the area of 0.60.
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