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. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.67, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target near the level of 0.75.
Ripple forecast & analysis XRP/USD June 8, 2018
An additional signal in favor of the growth of the cryptocurrency will be a support level test, as well as a test of the lower bound of the «Triangle» model. Earlier, a strong signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at 0.66.
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 0.61, which will indicate a change in the bullish trend in favor of the bearish and the continued fall in the cryptocurrency. Expect to accelerate the growth of quotations XRP/USD is with the breakdown of the upper limit of the model «Triangle» and closing above the level of 0.70.
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