Ripple XRP/USD is trading at 0.2342. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend over Ripple. The Ichimoku Kinko Hyo cloud boundary test is expected near the level of 0.2270, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target close to 0.2715.
Ripple forecast & analysis XRP/USD on December 12, 2017
Earlier, a weak signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.2170. An additional signal in favor of the growth of the cryptocurrency is the formation of the reversal model «Head and Shoulders». 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 0.2120, which indicates the change of the flat trend in favor of the bearish. Expect to accelerate the growth of quotations of the cryptocurrency XRP/USD is at the level breakdown of 0.2400.
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