Cryptocurrency Ripple (XRP/USD) is trading at 0.2353. 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 stripes.
Ripple (XRP/USD) forecast and analysis on January 23, 2020
As part of the Ripple course forecast, a test level of 0.2300 is expected. Where should 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 0.2580. The conservative buying area for Ripple is located near the lower border of the Bollinger Bands indicator strip at 0.2260.
Cancellation of the option to continue the growth of the Ripple rate will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and the closing of quotations of the pair below the 0.2220 area. This will indicate a change in the current trend in favor of the bearish for XRP/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.
Ripple (XRP/USD) forecast and analysis on January 23, 2020 implies a test level of 0.2300. Further, growth is expected to continue to the area above the level of 0.2580. The conservative buying area is located is near the area of 0.2260. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 0.2220. In this case, we should expect continued fall.