Ripple XRP/USD is trading at 0.83. 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 0.80 level is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target close to 1.00.
Ripple forecast & analysis XRP/USD May 1, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a strong signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.84.
Cancellation of the variant of growth of quotations Ripple will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes below the area of 0.75, which will indicate the change of the bullish trend in favor of the bearish trend. To expect the acceleration of the growth of the Ripple quotes stands with the breakdown of the upper boundary of the Ichimoku Kinko Hyo cloud and the closing above the level of 0.90.
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