Ripple XRP/USD is trading at 1.97. 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 test area of Ichimoku Kinko Hyo signal lines near the level of 1.80 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target close to 2.65. An additional signal in favor of the growth of the cryptocurrency is a rebound from the upper boundary of the bullish channel.
Ripple forecast & analysis XRP/USD on January 1, 2018
Earlier, a strong signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.9670. Cancellation of the variant of growth of quotations Ripple will become a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 1.35, which will indicate the change of the bullish tendency in favor of the bearish one. Expect to accelerate the growth of quotations of the cryptocurrency XRP/USD is at breakdown level 2.15.
Do not exclude the attempt to form a reversal model inverted «Head and Shoulders». In this case, we should expect a test of 1.74 level and the continuation of the growth of the cryptocurrency with a target above the level of 2.55. Canceling the formation of the model will break through the level of the local minimum and close below 1.58.
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