Ripple XRP/USD is trading at the level of 0.2008. 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 0.2010 level is expected, whence the rebound and the continuation of the fall of the cryptocurrency with the target near 0.1825 are expected.
Ripple prediction & analysis XRP/USD on November 17, 2017
An additional signal in favor of the fall of the cryptocurrency will be a test of the upper boundary of the bearish channel, as well as the formation of the «Wedge» model at small time intervals. Earlier, a weak signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.1950. Cancellation of the variant of falling quotations Ripple will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations above the area of 0.2070, which indicates the change of the bearish trend in favor of the bullish. Expect to accelerate the fall of quotations of cryptocurrency is worth a breakdown of the level of 0.1900.
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