Ripple XRP/USD is trading at 0.3336. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Ripple. As part of the forecast of the digital currency exchange rate, the Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.3150, from which one should expect a rebound and an attempt to continue the growth of the XRP/USD cryptocurrency with the target close to the level of 0.3940.
Ripple forecast & analysis XRP/USD August 20, 2018
An additional signal in favor of the growth of the XRP/USD cryptocurrency is the support level test, as well as the lower bound of the «Triangle» model. Earlier, a weak signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.2650.
Cancellation of the growth option for the Ripple cryptocurrency will be the fall and breakdown of the lower Ichimoku Kinko Hyo Cloud with a close below the area of 0.2600, which will indicate a change in the bullish trend in favor of the bearish trend and the continued fall of the cryptocurrency. Expect to accelerate the growth of quotations XRP/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above the level of 0.3485.
Ripple forecast & analysis XRP/USD August 20, 2018 suggests an attempt at correction of the cryptocurrency and the test of the level of 0.3150, where it is expected to continue the growth of the Ripple rate with the potential target near the level of 0.3940, the cancellation of the growth variant will fall and the breakdown of the area of 0.2600, in this case It is worth waiting for the continued decline.
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