Ripple XRP/USD is trading at 0.60. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend over Ripple. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 0.57 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target near the level of 0.75.
Ripple forecast & analysis XRP/USD June 2, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as the formation of the reversal model «Head and Shoulders». Earlier, a weak signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.61.
Cancellation of the growth option for the Ripple cryptocurrency will be a breakdown of the lower Ichimoku Kinko Hyo Cloud borders and a close below the 0.54 area, which will indicate the cancellation of the «Head and Shoulders» reversal pattern and the continued fall of the cryptocurrency. To expect confirmation of 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 0.65.
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