Cryptocurrency Ripple (XRP/USD) is trading at 0.4480. Cryptocurrency quotes are trading above the moving average with a period of 55, which indicates the presence of a bullish 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 a level of 0.4400, from which one can expect an attempt to continue the growth and further development of an upward trend with a target near the level of 0.4880.
Ripple (XRP/USD) forecast and analysis on October 24, 2018
The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 0.4390. Cancellation of the option of continuing Ripple growth will be a breakdown of the lower boundaries of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and closing of the pair quotes below the 0.4100 area, which will indicate a change in 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 growth.