Ripple XRP/USD is trading at 0.48. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend over Ripple. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 0.47, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target near the level of 0.55.
Ripple forecast & analysis XRP/USD July 9, 2018
An additional signal in favor of the growth of the XRP/USD cryptocurrency will be a test of the support level, as well as a test of the upper boundary of the channel. Earlier, a weak signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.48.
Cancellation of the growth option for the Ripple cryptocurrency will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing below the area of 0.46, which indicates a change in the flat trend in favor of the bearish trend and the continued fall of the cryptocurrency. To expect confirmation of the growth of quotes XRP/USD stands with the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above 0.50.
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