Ripple XRP/USD is trading at 0.65. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Ripple. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.63 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 4, 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 upper boundary of the bearish channel. 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 of the Ripple cryptocurrency will be a breakdown of the lower Ichimoku Kinko Hyo Cloud borders and a close below the area of 0.57, which will indicate a change in the bullish trend in favor of the bearish trend and the continued fall of the cryptocurrency. Expect the acceleration of the growth of quotations XRP/USD is with the breakdown of the resistance area and the closing above the level of 0.67.
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