Ripple XRP/USD is trading at 2.24. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend over Ripple. Ichimoku Kinko Hyo Cloud is expected to test near the level of 2.20, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target close to 2.55. Earlier, a weak signal was received for sell of Ripple cryptocurrency, due to the crossing of signal lines at the level of 2.65.
Ripple forecast & analysis XRP/USD on January 10, 2018
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 2.10, which will indicate the change of the flat trend in favor of the bearish trend. To expect the resumption of the growth of the cryptocurrency XRP/USD stands with the breakdown of the upper boundary of the indicator Cloud and the closing above the level of 2.75.
We should not exclude the attempt to form the «Wedge» model. In this case, with the breakdown of the upper limit of the model and the closing above the level of 2.35, we should expect the continued growth of the cryptocurrency. The abolition of the variant of model formation will be the breakdown of the area 1.95.