Ripple XRP/USD is trading at 0.63. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Ripple. Ichimoku Kinko Hyo signal line area test is expected near the 0.60 level, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target close to 0.75.
Ripple forecast & analysis XRP/USD April 15, 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 the change of the bullish trend in favor of the 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.
In favor of correction is also the formation of the reversal model «Head and Shoulders» at small time intervals. Canceling the model will break through the level of 0.68.
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