Ripple XRP/USD completes the trading week near the area of 1.78. 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 is expected to test near the 1.45 level, from which it is expected to rebound and continue the growth of the cryptocurrency with a target near the level of 2.35.
Ripple (XRP/USD) weekly forecast January 15 — 19, 2018
An additional signal in favor of the growth of quotations of cryptocurrency will be the formation of a bullish model of the «Wolfe Wave». Earlier, a strong signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.2250. 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 1.20, which will indicate the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of the cryptocurrency is worth a breakdown of the level of 2.05.