Ripple XRP/USD is trading at 0.4679 and continues to move as part of its growth. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an upward trend in Ripple. As part of the Ripple forecast & technical analysis November 5, 2018, a test of the area of the Ichimoku Kinko Hyo signal lines near the level of 0.4650 is expected. Where can we expect a rebound and an attempt to continue the growth of XRP/USD cryptocurrency with a target near the level of 0.5000.
Ripple forecast & technical analysis November 5, 2018
An additional signal in favor of the growth of XRP/USD cryptocurrency will be a test of the support level, as well as a rebound from the upper limit of the downward channel. Earlier, a weak signal was received for buy the Ripple cryptocurrency, due to the intersection of signal lines at the level of 0.4415.
Cancellation of the Ripple cryptocurrency growth option will be a fall and a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below 0.4350. This option will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of the cryptocurrency. Expect acceleration of growth of quotes XRP/USD stands with the breakdown of the resistance area and closing above the level of 0.4800.
Ripple forecast & technical analysis November 5, 2018 suggests an attempt to correct the cryptocurrency and the test level of 0.4650, from which one can expect continued growth of the Ripple rate with a potential target near the level of 0.5000. Cancellation of the growth option will be the fall and the breakdown of the area of 0.4350, in this case we should expect a continuation of the decline.
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