Ripple XRP/USD completes the trading week near the area of 0.2376. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend for Ripple. The test of the upper bound of the Cloud of the indicator near the level of 0.2150 is expected, from which it is expected to rebound and continue the growth of the cryptocurrency with the target near the level of 0.3225.
Ripple weekly forecast on October 16 — 20, 2017
Earlier, we received a weak signal for buy of Ripple cryptocurrency, due to the crossing of signal lines at the level of 0.1860. Cancellation of the variant of falling of quotations Ripple will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 0.1820, which will indicate the change of the bullish tendency in favor of the bearish trend. Expect to accelerate the growth of the cryptocurrency is the breakdown of the upper boundary of the «Triangle» model and the closing above 0.2700.