Cryptocurrency Ripple (XRP/USD) is trading at 0.5670. 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, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator. A test of the level of 0.5310 is expected, from which one can expect an attempt to continue the growth and further development of the upward trend with a target near the level of 0.6840.
Ripple (XRP/USD) forecast and analysis on October 3, 2018
The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 0.5300. Cancellation of the option to continue Ripple growth will be a breakdown of the lower boundaries of the Bollinger Bands indicator strip, as well as the moving average with a period of 55 and closing of the pair quotes below 0.5000, indicating a change in 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 growth.