Ripple XRP/USD is trading at 0.87. 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 Ichimoku Kinko Hyo signal line area test is expected near the level of 0.85, from which we should expect a rebound and an attempt to continue the growth of the crypto currency with the target close to 1.05.
Ripple forecast & analysis XRP/USD April 24, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the channel. Previously, a strong force signal was obtained for buy of Ripple, due to the crossing of signal lines at the level of 0.64.
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 quotes below the area of 0.70, which will indicate the change of the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of the Ripple quotations with the breakdown of the upper limit of the «Triangle» model and the closing above the level of 0.95.
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