Ripple XRP/USD is trading at 0.5391 and continues to move within the correction and formation of the «Head and Shoulders» reversal pattern. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend over Ripple. As part of the forecast for the digital currency exchange rate on September 29, 2018, the Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 0.5250, from which we should expect a rebound and an attempt to continue the growth of the XRP/USD cryptocurrency with a target close to 0.7000.
Ripple forecast & analysis XRP/USD September 29, 2018
An additional signal in favor of the growth of the XRP/USD cryptocurrency will be a test of the support level. Earlier, we received a weak signal for purchases of Ripple’s crypto currency, due to the crossing of signal lines at the level of 0.5200.
Cancellation of the growth option for the Ripple cryptocurrency will be the fall and breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 0.5150, indicating a change in the lateral trend in favor of the downward trend and the continued fall of the cryptocurrency. To expect confirmation of the growth of quotes XRP/USD stands with the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the level of 0.5750.
Ripple forecast & analysis XRP/USD September 29, 2018 suggest an attempt at correction of the cryptocurrency and the test of the level of 0.5250, from which it is expected to continue the growth of the Ripple rate with the potential target near the level of 0.7000, the cancellation of the growth variant will fall and the breakdown of the area 0.5150, in this case It is worth waiting for the continued decline.
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