Ripple XRP/USD is trading at 0.47. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. The lower Ichimoku Kinko Hyo test near the 0.50 level is expected, from which we should expect a rebound and an attempt to continue the fall of the crypto currency with the target close to 0.40.
Ripple forecast & analysis XRP/USD April 10, 2018
An additional signal in favor of the fall of the cryptocurrency will be the formation of the reversal model «Head and Shoulders». Earlier, a weak signal was received for buy of Ripple, due to the crossing of signal lines at the level of 0.47.
Cancellation of the variant of falling quotations Ripple will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations above the area of 0.51, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations of the cryptocurrency is the breakdown of the lower limit of the model «Triangle» and the closure below the level of 0.45.