Cryptocurrency Ripple (XRP/USD) is trading at 0.3492. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Ripple. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator bands.
Ripple (XRP/USD) forecast and analysis on January 12, 2023
As part of the Ripple price forecast, a test of the level of 0.3450 is expected. Where should we expect an attempt to continue the growth of XRP/USD and further development of the upward trend. The target of this movement is the area near the level of 0.3720. The conservative area for buying Ripple is located near the lower border of the Bollinger Bands indicator bands at the level of 0.3340.
Cancellation of the option to continue the growth of the Ripple rate will be a breakdown of the area of the lower border of the Bollinger Bands indicator bands. As well as a moving average with a period of 55 and closing quotes of the pair below the area of 0.3310. This will indicate a change in the current trend in favor of the bearish trend for XRP/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of the cryptocurrency.
Ripple (XRP/USD) forecast and analysis on January 12, 2023 implies a test level of 0.3450. Further growth is expected to continue to the area above the level of 0.3720. The conservative area for buying is located area of 0.3340. Cancellation of the cryptocurrency growth option will be a breakdown of the level of 0.3310. In this case, we should expect the continuation of the fall.
