Ripple XRP/USD is trading at the level of 1.08. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Ripple. Ichimoku Kinko Hyo Cloud is expected to test near the 1.00 level, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target close to 1.30. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Ripple forecast & analysis XRP/USD on February 17, 2018
Previously, a strong signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at 0.99 level. Cancellation of the variant of growth of quotations Ripple will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 0.85, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations of cryptocurrency is with the breakdown of the resistance area and the closing above the level of 1.15.
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