Ripple XRP/USD is trading at 0.3455 and continues to move in line with the decline. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a downward trend for Ripple.
As part of the Ripple prediction & analysis XRP/USD November 29, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.3700. Where should we expect a rebound and an attempt to continue the decline of the XRP/USD cryptocurrency with a target near the level of 0.2500.
Ripple prediction & analysis XRP/USD November 29, 2018
An additional signal in favor of the fall of the XRP/USD cryptocurrency will be the test of the resistance area. And also test the upper limit of the downward channel. Earlier, a medium strength signal was received for the SELL the Ripple cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 0.4600.
Cancellation of the option of reducing the Ripple cryptocurrency will be a strong growth and the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the 0.4350 area. This option will indicate a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency. Expect to accelerate the decline in quotes XRP/USD stands with the breakdown of the support area and closing below the level of 0.3000.
Ripple prediction & analysis XRP/USD November 29, 2018 suggests an attempt to correct the cryptocurrency and test level of 0.3700. Where can we expect to continue the fall of the Ripple with a potential target near the level of 0.2500. Cancellation of the reduction option will be a strong growth and the breakdown of the 0.4350 area. In this case, we should expect continued growth.