Ripple XRP/USD is trading at the level of 0.7515. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Ripple. The area of Ichimoku Kinko Hyo signal lines is expected near the level of 0.6900, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target close to 0.9550.
Ripple forecast & analysis XRP/USD on December 16, 2017
Earlier, a weak signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.2170. Cancellation of the variant of growth of quotations Ripple will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the area of 0.5200, which will indicate a change in the bullish trend in favor of a bearish trend.
Expect to accelerate the growth of quotations of the cryptocurrency XRP/USD stands with the breakdown of the upper limit of the «Triangle» model at small time intervals and closing above the level of 0.8050.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
