Ripple XRP/USD is trading at 0.3109 and continues to move within the framework of the «Wedge» model. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend over Ripple. As part of the forecast of the digital currency exchange rate, the Ichimoku Kinko Hyo cloud lower limit test is expected near the level of 0.3000, from which we should expect a rebound and an attempt to continue the growth of the XRP/USD cryptocurrency with the target close to the level of 0.3735.
Ripple forecast & analysis XRP/USD August 27, 2018
An additional signal in favor of the growth of the XRP/USD cryptocurrency will be a support level test, as well as a test of the lower limit of the «Wedge» model. Earlier, a weak signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.3200.
Cancellation of the growth variant of the Ripple crypto currency will be the fall and breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a closing below the area of 0.2850, 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 boundary of the Cloud Ichimoku Kinko Hyo and the closing above the level of 0.3250.
Ripple forecast & analysis XRP/USD August 27, 2018 suggests an attempt at correction of the cryptocurrency and the test of the level of 0.3000, from which it is expected to continue the growth of the Ripple rate with the potential target near the level of 0.3735, the cancellation of the growth variant will fall and the breakdown of the area of 0.2850, in this case It is worth waiting for the continued decline.
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