Ripple forecast & analysis XRP/USD June 24, 2018


Ripple XRP/USD is trading at 0.47. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bears trend in Ripple. Ichimoku Kinko Hyo signal line area test is expected near the 0.48 level, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target near the level of 0.40.

Ripple forecast & analysis XRP/USD June 24, 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 medium strength signal was obtained for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.51.

Ripple forecast & analysis XRP/USD June 24, 2018

Cancellation of the variant of the Ripple cryptocurrency fall will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the area of ​​0.54, which indicates a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect to accelerate the fall in quotations XRP/USD is with the breakdown of the support area and closing below the level of 0.45.


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