Ripple XRP/USD completes the trading week near the area of 0.1920. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend for Ripple. A test of the lower boundary of the Cloud of the indicator near the level of 0.2100 is expected, from which it is expected to rebound and drop the cryptocurrency with the target near the level of 0.1150.
Ripple weekly forecast on October 2 — 6, 2017
An additional signal in favor of the fall of the cryptocurrency is the formation of the «Head and Shoulders» reversal model. Earlier, a weak signal was received for buy Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.1800. Cancellation of the fall of the quotations of Ripple will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 0.2250, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is worth a breakdown of the level of 0.1520.