Ripple XRP/USD is trading at 1.2114. 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 1.1200 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target near 1.3850.
Ripple forecast & analysis XRP/USD on December 29, 2017
Earlier, a strong signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.9670. 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 0.8800, 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 with the breakdown of the level of 1.2500.
However, we should not exclude the attempt to form the «Head and Shoulders» reversal model, in this case, with the breakdown of the level of 1.1050, it is necessary to expect a drop in the prices of cryptocurrency with a target below 0.9200. Canceling the model will break through the level of 1.2700.
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