Ripple XRP/USD is trading at 0.67. 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 the Ichimoku Kinko Hyo signal lines near the level of 0.65 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target close to 0.80.
Ripple forecast & analysis XRP/USD April 16, 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 boundary 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 0.55, which will indicate the change of the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations of cryptocurrency is the breakdown of the upper limit of the model «Triangle» and closing above the level of 0.70.
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