Ripple XRP/USD is trading at the level of 0.9659. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Ripple. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.8510 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target near 1.1800.
Ripple forecast & analysis XRP/USD on December 23, 2017
An additional signal in favor of growth is the test of the lower boundary of the bullish channel. Earlier, a strong signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.7400. 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 is at the level breakdown of 1.0700.
Also, we should not exclude the attempt to form a bullish model of «Wolfe Wave» in order to develop at the level of 1.1910.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
