Ripple XRP/USD is trading at the level of 0.1766. The Ichimoku Cloud of Kinko Hyo broke through the cryptocurrency and began to trade above its upper limit, which indicates the presence of an bullish trend in Ripple. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.1720, from which one should expect an attempt of growth and further development of the bullish trend with the target of growth near the level of 0.2080.
Ripple forecast & analysis XRP/USD on August 7, 2017
Earlier, a weak signal was received for buying of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.1575. 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 0.1550, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations for XRP/USD is with the breakdown of the local maximum area at 0.2020.
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