Cryptocurrency Ripple (XRP/USD) is trading at 0.4013. 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, the cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands. The test is expected to be at the level of 0.4210, from which one can expect an attempt to continue the fall and further develop the downward trend with a target near the level of 0.3500.
Ripple (XRP/USD) forecast and analysis on October 16, 2018
The conservative sales area for Ripple is near the upper boundary of the Bollinger Bands indicator bars at 0.4360. Cancellation of the option to continue the fall of the XRP/USD pair will be a breakdown of the upper border area of the Bollinger Bands indicator, as well as the moving average with a period of 55 and closure of the pair above the 0.4500 area, indicating a change in trend in favor of the bullish Ripple. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall.
