Ripple XRP/USD is trading at 0.52. 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 the level of 0.53, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target near the level of 0.45.
Ripple forecast & analysis XRP/USD June 21, 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 limit of the «Triangle» model. Earlier, a weak signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.51.
The abolition of the Ripple cryptocurrency fall will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the 0.57 area, indicating a bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect the acceleration of the fall in quotes XRP/USD stands with the breakdown of the lower bounds of the «Triangle» model and closing below 0.50.