Cryptocurrency Ripple (XRP/USD) is trading at 0.5052. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend for Ripple. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.
Ripple (XRP/USD) forecast and analysis on November 19, 2018
As part of the Ripple course forecast, a test level of 0.4900 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 0.5380. The conservative Ripple buying area is located near the lower border of the Bollinger Bands indicator bars at 0.4400.
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 a moving average with a period of 55 and closing quotes pair below 0.4300. This will indicate a change in the current trend in favor of the bearish for 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 for November 19, 2018 implies a test level of 0.4900. Further growth is expected to continue to the area above the level of 0.5380. The conservative buy zone is near the 0.4400 area. Cancellation options for the growth of cryptocurrency will make the breakdown level of 0.4300. In this case, we should expect the continuation of the fall.
