Now, when writing this Ripple rate forecast for August 2018, quotes XRP/USD is at the level 0,4535.
The daily Ripple chart shows perfectly well that the current price of XRP/USD is only twice as much as it was at the end of 2017. When Ripple started at 0.2 and rose to 3.3 in just three weeks. Increased by 16.5 times, by the way. Field Of Wonders.
On the daily Ripple chart, we see that the cryptocurrency has groped the support level (0.4250) and has already tested it twice. The resistance level (0.5230) is also visible to the naked eye.
The strategy for Ripple for August may be to buy with a stop behind the support level, sell behind the resistance level. That is, we work in a wide flat, in a horizontal channel.
If you look at the Ichimoku Kinko Hyo indicator, we see that nothing has changed yet. The trend is still downward. Ripple quotes are below the Ichimoku cloud. Signal lines of the indicator also keep downward direction. That is, if the level of support can not resist-will continue to fall Ripple.
However, if you look at the four-hour chart of the crypto currency, you will see a tendency for the Ripple rate to rise to the level of 0.4765.
Thus, the XRP/USD forecast of the Ripple rate for August assumes work in the range, with the predominance of the upward movement of the Ripple rate. The nearest target is the resistance level of 0.4765.