Ripple XRP/USD is trading at 0.87. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend over Ripple. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the 0.85 level, from which it is expected to rebound and try to continue the growth of the cryptocurrency with the target near the level of 1.05.
Ripple forecast & analysis XRP/USD May 4, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area. Earlier, a weak signal was received for buy of Ripple, 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 quotations below the area of 0.82, which will indicate a change in the flat trend in favor of a bearish trend. To expect the acceleration of the growth of the Ripple quotes stands with the breakdown of the upper bound of the «Triangle» model and the closing above the level of 0.90.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
