Ripple XRP/USD is trading at 0.70. The 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 0.62 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target near 0.80.
Ripple forecast & analysis XRP/USD April 14, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a test of the lower border of the channel. Earlier, a medium strength signal was obtained for buy of the Ripple cryptocurrency, due to the crossing of the signal lines at the level of 0.48.
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 0.50, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations of the cryptocurrency is with the breakdown of the resistance area and the closing above the level of 0.75.
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