Ripple XRP/USD completes the trading week near the area of 0.2474. 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 upper limit test is expected near the level of 0.2340, from which it is expected to rebound and continue the growth of the cryptocurrency with the target near the level of 0.3120.
Ripple (XRP/USD) weekly forecast December 4 — 8, 2017
Earlier, a weak signal was received for buy of Ripple cryptocurrency, due to the crossing of signal lines at 0.2060. 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 0.2100, which will indicate the change of the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is the breakdown of the upper limit of the model «Triangle» and closing above the level of 0.2800.