Ripple XRP/USD is trading at the level of 0.1680. Cryptocurrency is traded above the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. Ichimoku Kinko Hyo Cloud is expected to be tested near the 0.1700 level, from which it is expected to try to fall and further develop the bearish trend with a target near the 0.15 level.
Ripple forecast & analysis XRP/USD on August 13, 2017
An additional signal in favor of falling quotations is the breakdown of the borderline of the bullish channel. Earlier, we received a weak signal for sales of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.1780. 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 quotes above the area of 0.1800, which indicates the change of the bearish trend in favor of the bullish.
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