Ripple forecast & analysis XRP/USD August 7, 2018


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Ripple XRP/USD is trading at 0.4089. 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 lower limit test is expected near 0.4165, from which we should expect a rebound and an attempt to continue the fall of the XRP/USD cryptocurrency with the target close to the level of 0.3700.

Ripple forecast & analysis XRP/USD August 7, 2018

An additional signal in favor of reducing the cryptocurrency of XRP/USD will be a test of the resistance area. Earlier, a strong signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.4335.

Ripple forecast & analysis XRP/USD August 7, 2018

Cancellation of the fall of the Ripple cryptocurrency will result in strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the 0.4400 area, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect the acceleration of the fall in quotations XRP/USD stands with the breakdown of the lower boundary of the bearish channel and the closing below the level of 0.4050.

Ripple forecast & analysis XRP/USD August 7, 2018 suggest an attempt to correct the cryptocurrency and the 0.4165 test, from which it is expected to continue the fall of the Ripple exchange rate with a potential target near the 0.3700 level, the cancellation of the decline option will cause a strong growth and breakout of the area of ​​0.4400.

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