Cryptocurrency forecast: Ripple fell 0.7% Ethereum during the day, surrendered by 0.87%

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The main cryptocurrency on Wednesday began to slide down against the background of correctional decrease in the Russian stock and currency market and also on the background of alarming rumors about a possible ban on trading digital currencies on the international markets for Chinese investors.
According Libertex, the rate of Ripple from 12:00 MSK, 27 February fell by 0.7% and by 12:00 GMT on 28 February was $ 0.91. The rate of Litecoin during this period of time weakened by 0.98% to 213,52 dollar. Ethereum during the day, surrendered by 0.87% and costs 12:00 GMT 864,15 dollar.
Alarming news for the cryptocurrency market were rumors that China might forbid Chinese investors to trade crypto-currencies on international exchanges. In addition, the Chinese authorities want to carefully examine the Bank accounts of legal and natural persons, whom they suspected of promoting cryptocurrency trading on foreign exchanges.
In turn, the official of the Russian government apparatus said that the conversion of cryptocurrencies in real money will have severe economic and social consequences for the country. But he noted that the issue of tokens to raise funds in startups is fully applicable and effective.
Russian stock indexes on Wednesday show a correctional decline, followed by a powerful recovery in the early weeks.
The RTS index fell by 12:00 Moscow time environment on 1,06% – to 1296,91 item, index Mosberg fell by 0.84% to 2321,59 points. It can be expected that during the day the index Masuri will be in the range 2330-2335 points.
In the Russian currency market there is also a corrective weakening of the ruble. The dollar at 12:00 Moscow time has grown against the ruble by 0.42% to 56,41 ruble, the Euro by this time was strengthened by 0.10% to 68.82 ruble. During the day the dollar will be traded at the level of 56.5 per ruble with the potential to strengthen to 57 rubles. The pair Euro/ruble will probably move in the hallway 68,70-69.55 rubles.
During the day, it is possible to predict further weakening of the major cryptocurrencies: the Ripple rate can drop to 0.9 dollar, Litecoin is the risk to weaken to 210 dollars, and Ethereum will drop to the level of $ 880.
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Ivan Marchena,
Analyst
Forex Club