Ripple XRP/USD is trading at 0.48. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an upward trend for Ripple. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 0.46 level, from which it is expected to rebound and try to continue the growth of the cryptocurrency with the target near the level of 0.55.
Ripple forecast & analysis XRP/USD July 5, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a test of the lower border of the channel. Earlier, a weak signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.43.
Cancellation of the growth option for the Ripple cryptocurrency will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing below the area of 0.43, which will indicate a change in the bullish trend in favor of the bearish trend and the continued fall in the cryptocurrency. To expect confirmation of the growth of quotations XRP/USD stands with the breakdown of the resistance area and the closing above the level of 0.50.
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