Cryptocurrency Ripple (XRP/USD) is trading at 0.3680. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Ripple. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.
Ripple (XRP/USD) forecast and analysis on December 20, 2018
As part of the forecast Ripple course is expected to test the level of 0.3510. Where can we expect an attempt to continue the growth of XRP/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 0.3980. The conservative Ripple buying area is located near the lower border of the Bollinger Bands indicator strip at 0.2600.
Cancellation of the option to continue the growth of the Ripple rate will be a breakdown of the lower border of the Bollinger Bands indicator bands. As well as the moving average with a period of 55 and the closing of quotations of the pair below the 0.2580 area. This will indicate a change in the current trend in favor of the bearish XRP/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the cryptocurrency decline.
Ripple (XRP/USD) forecast and analysis on December 20, 2018 implies a test level of 0.3510. Further, growth is expected to continue to the area above the level of 0.3980. The conservative area for buying Ripple is located area of 0.2600. The cancellation of the option of cryptocurrency growth will be the breakdown of the level of 0.2580. In this case, we should expect the continuation of the fall.