Ripple forecast & analysis XRP/USD on March 28, 2018


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Ripple XRP/USD is trading at the level of 0.56. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. The test area of ​​Ichimoku Kinko Hyo signal lines near the level of 0.60 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target close to 0.45.

Ripple forecast & analysis XRP/USD on March 28, 2018

An additional signal in favor of the fall of the cryptocurrency will be a test of the upper boundary of the channel, as well as a test of the resistance level. Earlier, a medium strength signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.62.

Ripple forecast & analysis XRP/USD on March 28, 2018

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 ​​0.65, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations of cryptocurrency is worth a breakdown of the support area and closing below 0.50.

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