Ripple XRP/USD completes the trading week near the area of 1.03. 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 is expected to test near the level of 1.05, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target near 0.40.
Ripple (XRP/USD) weekly forecast March 5 — 9, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model. Earlier, a weak signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at 0.95.
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 quotations above the area of 1.65, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is the breakdown of the lower boundary of the model «Triangle» and closing below the area of 0.75.
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