Cryptocurrency Ripple (XRP/USD) is trading at 0.4487. Cryptocurrency quotes are traded below the moving average with a period of 55, which indicates the presence of a bearish trend for Ripple. At the moment, cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands. A test of the level of 0.4630 is expected, from which one can expect an attempt to continue the fall and further develop the downward trend with a goal near the level of 0.4120.
Ripple (XRP/USD) forecast and analysis on November 16, 2018
The conservative area for Ripple sales is near the middle border of the Bollinger Bands indicator at 0.4930. Cancellation of the option to continue the fall of the XRP/USD pair will be a breakdown of the area of the middle border of the Bollinger Bands indicator, as well as the moving average with a period of 55 and closing of the pair quotes above the 0.5000 area, indicating a change in trend in favor of the bullish for Ripple. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall.
