Cryptocurrency Ripple (XRP/USD) is trading at 0.3586. 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 middle border of the Bollinger Bands indicator.
Ripple (XRP/USD) forecast and analysis on January 1, 2019
As part of the Ripple course forecast, a test level of 0.3430 is expected. 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 0.4030. The conservative Ripple buying area is located near the lower border of the Bollinger Bands indicator strip at 0.4020.
Cancellation of the option to continue the growth of the Ripple rate will be the breakdown of the lower border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of the pair quotes below the 0.3200 area. This will indicate a change in the current trend in favor of the bearish XRP/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Ripple (XRP/USD) forecast and analysis on January 1, 2019 implies a test level of 0.3430. Further, growth is expected to continue to the area above the level of 0.4030. The conservative area for buying Ripple is located area of 0.4020. The cancellation of the growth option of cryptocurrency will be the breakdown level of 0.3200. In this case, we should expect the continuation of the fall.