Ripple XRP/USD is trading at the level of 0.7203. 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 the Ichimoku Kinko Hyo signal lines near the level of 0.7050 is expected, from which we should expect a rebound and an attempt to continue the growth of the crypto currency with the target near 0.9870.
Ripple forecast & analysis XRP/USD on December 20, 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 crypto currency XRP/USD stands with the breakdown of the upper limit of the «Triangle» model and the closing above the level of 0.8340.
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