Ripple XRP/USD is trading at 0.3260 and continues to move within the framework of the formation of the «Triangle» model. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Ripple. As part of the forecast for the digital currency exchange rate, the Ichimoku Kinko Hyo Cloud upper limit test is expected near the 0.3200 level, from which we should expect a rebound and an attempt to continue the growth of the XRP/USD cryptocurrency with the target close to the level of 0.3700.
Ripple forecast & analysis XRP/USD September 2, 2018
An additional signal in favor of the growth of the XRP/USD cryptocurrency will be a test of the support area, as well as a rebound from the lower bound of the «Triangle» model. Earlier, a medium strength signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.3300.
Cancellation of the growth option for the Ripple cryptocurrency will be the fall and breakdown of the lower Ichimoku Kinko Hyo Cloud with a close below the area of 0.3050, indicating a change in the lateral trend in favor of the bearish trend and the continued fall in the cryptocurrency. To expect confirmation of the growth of quotations XRP/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 0.3400.
Ripple forecast & analysis XRP/USD September 2, 2018 suggest an attempt at correction of the cryptocurrency and the test of the level of 0.3200, from which it is expected to continue the growth of the Ripple rate with the potential target near the level of 0.3700, the abolition of the growth variant will fall and the breakdown of the area 0.3050, in this case It is worth waiting for the continued decline.
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