Ripple XRP/USD is trading at 0.2169. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. The test of the lower border of the Cloud of the indicator near the level of 0.2200 is expected, from which it is expected to rebound and drop the cryptocurrency with the target near the level of 0.1700.
Ripple forecast & analysis XRP/USD on September 8, 2017
Earlier, we received a weak signal for buying of Ripple cryptocurrency, due to the intersection of signal lines at the level of 0.2080. Cancellation of the drop in Ripple quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.2350, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations of cryptocurrencies is with the breakdown of the support level and the closing below the area of 0.1750.
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