Ripple XRP/USD is trading at the level of 0.78. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. The Ichimoku Kinko Hyo lower limit test is expected near the 0.72 level, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target close to 0.45. An additional signal in favor of the fall of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Ripple forecast & analysis XRP/USD on February 8, 2018
Earlier, a strong signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.85. 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 quotes above the area of 1.05, 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.
SIGNAL:SELL
