Ripple XRP/USD completes trading week near area 1.91. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Ripple. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.77 is expected, from which it is expected to rebound and continue the growth of the cryptocurrency with the target near the level of 2.70.
Ripple (XRP/USD) weekly forecast January 1 — 5, 2017
An additional signal in favor of the growth of quotations of the cryptocurrency will be the test of the lower boundary of the channel. 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 0.85, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is worth a breakdown of the level of 2.45.
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