Ripple XRP/USD is trading at 0.86. 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 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 7, 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 cryptocurrency, due to the crossing of signal lines at the level of 0.84.
Cancellation of the variant of Ripple quotations growth will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 0.80, which will indicate the change of the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of the Ripple quotes is with the breakdown of the resistance area and the closing above the level of 0.95.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
