Ripple XRP/USD is trading at 0.60. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 0.63 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target close to 0.50.
Ripple forecast & analysis XRP/USD on March 26, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model. Earlier, a medium strength signal was received for sell of Ripple cryptocurrency, due to the intersection of signal lines at the level of 0.62.
Cancellation of the variant of falling of quotations Ripple will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area of 0.70, which indicates the change of the flat trend in favor of the bullish one. Expect to accelerate the fall of quotations of cryptocurrency stands with the breakdown of the lower boundary of the model «Triangle» and closing below the level of 0.55.