Ripple XRP/USD is trading at 0.68. 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 signal line area test is expected near the level of 0.65, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target near the 0.80 level.
Ripple forecast & analysis XRP/USD June 6, 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 for the Ripple cryptocurrency will be a breakdown of the lower Ichimoku Kinko Hyo Cloud borders and a close below the 0.60 area, indicating a shift in the upward trend in favor of the bearish and the continued fall in the cryptocurrency. Expect to accelerate the growth of XRP/USD quotes worth a breakdown resistance area and closing above the level of 0.70.
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