Ripple forecast & analysis XRP/USD July 24, 2018


Ripple XRP/USD is trading at 0.44. 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 0.45 is expected, from which we should expect a rebound and an attempt to continue the fall of the XRP/USD cryptocurrency with the target close to the level of 0.38.

Ripple forecast & analysis XRP/USD July 24, 2018

An additional signal in favor of reducing the cryptocurrency of XRP/USD will be a resistance level test. Earlier, we received a weak signal for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.47.

Ripple forecast & analysis XRP/USD July 24, 2018

Cancellation of the fall of the Ripple cryptocurrency will result in strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of ​​0.48, which indicates a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect to accelerate the fall in quotations XRP/USD is with the breakdown of the support area and closing below the level of 0.4150.


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